International
Arch Capital Promotes Exec to President/COO Slot
Arch Capital Group Ltd. has promoted one of its long-time executives to be the company's next president and chief operating officer. Marc Grandisson takes on his new role at the specialty insurer and ...
A Hurricane/Cyclone/Typhoon Season to Remember Is Not Over Yet
For a few minutes last Wednesday, there weren't any hurricanes, cyclones, typhoons or tropical storms anywhere in the world. The respite didn't last long. Thursday morning, the U.S. Navy and Air ...
Allianz Division PIMCO Fights Back Against Co-Founder Bill Gross’s Lawsuit
Pacific Investment Management Co. fired back at the co-founder who oversaw the firm's ascent for 43 years, saying Bill Gross's lawsuit over his departure looks more like a screenplay than a legal ...
TigerRisk and Gen Re: Influx of Capital From Asia a Trend Worth Watching
Recent M&A-related investment from Asia offers yet another twist in the ongoing influx of new capital that has fostered uncertainty among insurers and reinsurers alike. Some insiders view the ...
Two Former XL Catlin Execs to Launch Aspen’s Singapore Operations
Two XL Catlin executives have jumped ship, signing on with Aspen Insurance Holdings Ltd. to help launch and grow its Singapore operations. Yann Marmonier will lead Aspen's Singapore business, and ...
Zurich to Slash 440 Jobs at U.K. General Insurance Unit
Zurich Insurance Group AG plans to cut 440 jobs at its U.K. general-insurance unit as part of a cost- cutting program. Zurich is also seeking to simplify its organizational structure, the company ...
Willis, Towers Watson Shore Up Merger Support Ahead of Nov. 18 Vote
Willis Group Holdings and Towers Watson, facing some opposition, are working aggressively to shape stockholder opinions in favor of their proposed merger in advance of a Nov. 18 shareholder vote ...
Toyota Launches $1B Center Focused on Creating Smart Cars That Don’t Crash
Toyota Motor Corp. is spending $1 billion to form a research institute focused on the artificial intelligence and robotics technology it needs to make cars that can overcome driver errors and reduce ...