International
Regulation According to Lloyd’s of London’s Sean McGovern
The start of 2016 brought with it the launch of Solvency II, rules in the European Union that govern how much capital insurers must set aside for operational risk, investment and underwriting. ...
Marsh Starts Marketing New Global Excess Cyber Risk Facility
Marsh has launched "Cyber ECHO", a global excess cyber risk facility it pitches as offering more reliable insurance coverage for organizations around the world. The product is designed to bring ...
The Zebra, Another Insurance ‘Disruptor,’ Attracts $17M in Funding
The Zebra, an online auto insurance comparison company, said it has closed $17 million in Series A funding with investment from Mark Cuban, Mike Maples Jr. (of Twitter and Lyft), Simon Nixon (of ...
Zurich Snags Generali CEO Greco to Helm Turnaround Attempt
Zurich Insurance Group AG hired Assicurazioni Generali SpA's Mario Greco as chief executive officer, giving him the task of turning around the company, after losses in its general insurance business ...
Some Analysts See Far-Reaching AIG Strategic Plan as Not Going Far Enough
American International Group CEO Peter Hancock's far-reaching strategic plan to divest assets and return $25 billion to shareholders over the next two years generated the equivalent of a shrug during ...
Cuomo Nominates Corporate Lawyer to Run N.Y. Dept. of Financial Services
New York Governor Andrew Cuomo signaled a shift in New York's oversight of Wall Street, tapping a longtime corporate lawyer to run the state banking regulator previously overseen by an aggressive ...
Insurers in California Face Mandate to Disclose Coal Company Holdings
California's insurance commissioner on Monday asked all insurance companies doing business in the state to voluntarily divest from coal companies and said he will also require insurance companies to ...
AIG CEO Hancock Unveils Plan to Divest Assets, Return $25B to Shareholders
American International Group Inc. plans to return $25 billion to shareholders over the next two years as Chief Executive Officer Peter Hancock divests assets and seeks to boost returns to protect his ...