Industry News
Longtime VW Engineer Pleads Guilty to Charge in U.S. Emissions Probe
A veteran Volkswagen AG engineer pleaded guilty to conspiring to defraud U.S. regulators and customers, the first criminal charge in the Justice Department's year-long investigation into the ...
Ex-AIG Chairman Greenberg Seeks Vindication in 11-Year Lawsuit Battle
Even at 91, former American International Group Inc. Chairman Maurice "Hank" Greenberg isn't ready to quit fighting. Greenberg scrapped with regulators and the Internal Revenue Service and beat the ...
Supply Chain Disruptions
Certain natural catastrophes, such as the 2010 floods in Thailand and the 2011 Tohoku and 2016 Kumamoto earthquakes in Japan, have served as stark reminders that loss of life, property damage and ...
Einhorn’s Greenlight Capital Re Seals Expansion Deal for Asia, Europe
Greenlight Capital Re Ltd., the reinsurer that counts on hedge fund manager David Einhorn to oversee its investment portfolio, reached a deal to expand in Europe and Asia as the company seeks to ...
Reinsurance Broker BMS Re Acquires Advocate Reinsurance Partners
BMS Re US, a specialist insurance and reinsurance broker, has acquired a reinsurance intermediary that complements its own operations. The company, which is the broking arm of Minova Insurance, ...
Generali and Progressive Will Jointly Pursue Telematics Research
Europe's The Generali Group and Progressive Group of Insurance Companies of the U.S., both among the leaders in car insurance telematics, said they have entered into an research and development ...
S&P Boosts Outlook for PartnerRe, Reassured by Its Hands-Off Owner EXOR
PartnerRe gets an outlook upgrade courtesy of Standard & Poor's, due in part to the ratings agency's admission that the reinsurer remains relatively autonomous from its new owner, EXOR. Standard ...
Ex-Chubb Exec to Run W.R. Berkley Corp.’s New Transactional Risk Division
A former Chubb executive will help run a new arm of W.R. Berkley Corp. Randolf Hein has been named president of the new Berkley Transactional, a fledgling division of Berkley Professional Liability ...