International
The Latest Launches From Chubb/Aon and AGCS
Chubb and a catastrophe modeling firm will partner to develop a new terrorism risk model for Manhattan in New York City and other dense urban environments. Allianz Global Corporate & Specialty ...
AIG Sells Off Stake in China’s PICC Group With Few Gains
American International Group Inc. bought into The People's Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time -- ...
Wrecked SUVs Gain New Life in $900B Aftermarket
Mike Rosser, a 41-year veteran of the salvage car business, remembers a day when auctions for junked cars drew 30 guys standing in the sun, inspecting mangled cars for intact alternators and ...
Insurers, Other Finance Firms Get 15-Month Regulatory Grace Period if No-Deal Brexit
British regulators will give banks, asset managers, insurers and brokers until mid-2020 to fully comply with rules that replace European Union law in the event of a no-deal Brexit. The Bank of ...
Executives On The Move at Chubb and The Hanover Insurance Group
Chubb Ltd. appointed a new treasurer, replacing a long-time executive. The Hanover Insurance Group expanded its specialty leadership team. *** Chubb Limited appointed Mark Hammond as treasurer, ...
Liberty Mutual’s 2018 Net Income Rebounds Significantly Higher
Liberty Mutual Holding Co. and its subsidiaries reported net income of $249 million for the fourth quarter 2018 and $2.16 billion for the full year 2018, increases of $44 million and $2.14 billion ...
The Latest Launches From Munich Re and CyberScout
Munich Re will partner with CyberCube to beef up its approach to cyber risks. CyberScout, a provider of identity and data defense services, formed two new global partnerships designed to introduce ...
Liberty Mutual, Allianz, Generali Reportedly Seeking to Invest in BBVA Insurance Arm
European insurers Allianz and Generali are vying with U.S. rival Liberty Mutual to invest in the bancassurance business of Spanish lender BBVA, four sources familiar with the matter told Reuters. The ...