International
Stephen Catlin to Retire as XL Group’s Executive Deputy Chairman
XL Group, the corporate parent of XL Catlin, said that Stephen Catlin will be retiring as executive deputy chairman at the end of 2017. Catlin sold his eponymously named Bermuda specialty insurer and ...
AIG’s Turnaround Plan Is at Risk Due to Morale Crisis: UBS Analysis
A morale crisis at American International Group Inc could prevent the U.S. insurance company from keeping and hiring the talent it needs to propel it through its financial turnaround, UBS said in an ...
AIG Chairman Backs Departing CEO’s Strategy, Opposing Breakup
American International Group Inc.'s chairman reaffirmed support for the course charted by Peter Hancock, even after the CEO announced he was stepping down because of insufficient investor backing. ...
2017 Insurance Industry Mergers Could Reach Record Levels: Conning
Signs point to 2017 being another year of "robust" mergers and acquisitions, thanks in part to a number of ongoing industry trends and a current government climate that show no sign of letting up, ...
Brexit Escape Clause Goal of Lawsuit Filed in Irish Court
A lawyer and a trio of Green party politicians filed an Irish lawsuit seeking to give the U.K. a last-minute Brexit escape clause if public sympathy turns against leaving the European Union during ...
The Latest Launches From AIG and Allianz
A division of Allianz is debuting a video streaming service that lets customers send images in support of their property claims. AIG in the UK will give its customers the ability to upload accident ...
China’s Fosun International Reportedly Wants Pre-IPO Investors for Reinsurance Arm
Fosun International Ltd., the Chinese insurance-to-tourism conglomerate, is seeking investors for a minority stake in its reinsurance business ahead of a possible initial public offering, according ...
Market Pressures Rise for Bermuda Insurers and Reinsurers: A.M. Best
Bermuda market insurers and reinsurers are beginning to experience lower profits, a deterioration in both return on equity and combined ratio as well as the drying up of favorable reserve ...