International
Departing AIG CEO Hancock Paid Nearly $9.6M in 2016, Despite Bonus Denial
American International Group Inc's board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company's dismal financial performance ...
Billionaire Investor John Paulson Reportedly Planning AIG Board Exit
Billionaire John Paulson is planning to step down from American International Group Inc.'s board after his hedge fund sold shares in the insurer, according to a person familiar with the plan. The ...
Insurers Increasingly Worry About Political Risk Coverage
Evan Freely has been insuring global risks for years—through the 2008 market meltdown, the 2002 crisis in Argentina, and the 1993 downturn in Venezuela. Yet turmoil now seems to be coming at a more ...
Zurich Completes $551M Deal to Buy Cover-More, Australia’s Largest Travel Insurer
Zurich Insurance Group has completed its $551 million acquisition of Cover-More, an Australian travel insurer and service provider that operates in Australia, India and the U.S. This transaction is ...
Cyclone Debbie Cost P/C Insurers $1.3B, Swiss Re $350M
Cyclone Debbie cost Swiss Re an estimated $350 million and the insurance industry roughly $1.3 billion, the world's second-biggest reinsurer said on Thursday, an unusually high loss that could see ...
Executives On The Move at AXIS, Great American and Crawford & Co.
AXIS Capital Holdings is hiring a former XL Catlin executive in an international leadership role. Great American Insurance Group promoted an executive to lead its Property & Inland Marine ...
The Latest Launches From Farmers, ISO/Verisk and More
Farmers Insurance is expanding into more states with a billing product designed to make the workers compensation coverage process easier for small businesses. ISO launched an interactive dashboard ...
Cat Bond Issuance Hit $2.3B in Q1 as Market Habits Shifted: PCS
Catastrophe bond issuance reached $2.3 billion in the 2017 first quarter, a record level that landed slightly higher than the same period a year ago, the Property Claims Services Unit of Verisk ...