International
Irma Is Now a Category 5 Storm Threatening Florida and the Caribbean
Florida declared a state of emergency before a possible hurricane strike after Irma strengthened to become a Category 5 storm on its approach to the Caribbean. Irma's maximum winds rose as high as ...
Executives On The Move at Zurich, XL Catlin and Starr Companies
Zurich Insurance is bringing on a former Swiss Re executive as its new group chief risk officer. XL Catlin appointed a former Zurich executive to a new leadership position at the carrier. Starr ...
Conflict Grows in Brexit Negotiations
British trade minister Liam Fox said on Friday Britain would not be blackmailed into agreeing on the cost of leaving the European Union, and urged Brussels to move negotiations on to discuss ...
Japan’s Sompo Holdings Will Sell Sompo Canopius to Centerbridge for $952M
Japan's Sompo Holdings Inc. announced it has agreed to sell Lloyd's re/insurer Sompo Canopius AG to a private equity consortium led by Centerbridge Partners for $952 million. On completion of the ...
Ex-Marsh Exec Bob Newhouse Has Died; Was Insurance Industry Innovator
Former insurance industry executive and innovator, Robert "Bob" J. Newhouse Jr., died on August 26, 2017, following a brief illness. He spent 36 years at Marsh & McLennan Cos. (MMC), where he ...
Allianz Expands in Africa With Planned Nigeria Acquisition
Allianz has agreed to snatch up a Nigerian insurer in a move that gives it a greater foothold in Africa. The German insurance giant said it has signed a binding agreement to buy 98 percent of ...
Brexit Deadline: UK Insurers Must Decide on Moving EU Policies by November
Insurers in Britain face crunch time within weeks if the government and the European Union do not allow millions of cross-border policies to continue to run undisturbed beyond Brexit. While Britain ...
Warren Buffett: Now Bank of America’s Biggest Shareholder
Warren Buffett's Berkshire Hathaway Inc has become Bank of America Corp's largest shareholder by exercising its right to acquire 700 million shares at a steep discount, more than tripling an ...