International
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, ...
The success of MGAs needs little introduction. For the past several years, the MGA story has been one of growth,...
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. ...
Executives On The Move at Starr Companies, Hamilton, QBE and Great American
Starr Companies brought on a former AIG executive to beef up its Political Risk group. Hamilton Underwriting Ltd. hired a new head of property D&F. QBE North America promoted an executive to lead ...
Lloyd’s Is Vulnerable to Harm if UK Leaves EU: Survey
Approximately 70 percent of London market insurers, brokers, and service providers contacted in a new survey believe Lloyd's of London faces harm or severe damage if the U.K. leaves the European ...
Uber Expands into More African Countries
Uber Technologies Inc. plans to start operating in three new African countries by the end of June, extending its reach 2 1/2 years after introducing its ride-hailing service in the continent. The ...