International
March Storms in the U.S. Could Cost Insurers $2B: Aon Benfield
Seven severe convective storms hit the U.S. during March, impacting nearly every part of the country and costing the insurance industry an estimated $2.0 billion, according to the latest Global ...
Aon Benfield Readies Launch of Global Reinsurer Trading Platform
Aon Benfield, the reinsurance intermediary and capital adviser of Aon plc, will launch a global reinsurer trading platform on April 11. Available for use with the July 1 renewals, ABConnect ...
PartnerRe Names Exec From Parent EXOR as New CFO
PartnerRe's CFO is stepping down, and an executive from new corporate parent EXOR is replacing him. The Bermuda-based reinsurer disclosed that Bill Babcock, its executive vice president and chief ...
Reinsurance Use of Alternative Capital Grew 12% in 2015: Aon Report
Alternative capital continues to make its presence felt in the reinsurance market, increasing by 12 percent during 2015 to $72 billion, while traditional capital decreased by 4 percent to $493 ...
Most Insurance M&A Deals Haven’t Improved Financial Strength: S&P
The flurry of insurance mergers and acquisitions that yielded about $150 billion of transactions globally in 2015 may endure even after years of "patchy" results for some companies making deals, ...
Energy Insurance Market Could Contract in Wake of Oil Price Crash
Signs are increasing that fallout from the oil price crash could lead to a contraction of the energy insurance market. Willis Towers Watson asserts in a new report that a "perfect storm" of ...
PIMCO Claims Gross Was Warned About Losing $200M Bonus if He Quit
Bill Gross was warned he would lose his bonus if he quit Pacific Investment Management Co. before the end of the quarter, PIMCO said in a court filing, challenging the central claim in his lawsuit ...
Travelers CEO Schnitzer Urges Congress to Reduce Corporate Taxes
Alan Schnitzer, the new chief executive officer of insurer Travelers Cos., called on U.S. lawmakers to reduce corporate taxes or risk harming business in country. "We continue to see the U.S. ...