International
PartnerRe Names President; Acquirer EXOR Approves
PartnerRe, in the process of being acquired by the Italian investment firm EXOR, has had an interim leader for months. The Bermuda-based reinsurer has finally addressed this, naming a new president ...
Lloyd’s City New Risk Index Aims to Raise Awareness of Systemic Risks Facing Major Global Cities
The costs of natural and manmade threats could put at risk $4.6 trillion of the total projected GDP of 301 of the world's major cities between 2015 and 2025, according to the findings of the Lloyd's ...
RSA Selling Latin American Operations to Suramericana SA for $620M
RSA Insurance Group plc, which received a takeover approach from Zurich Insurance Group AG, agreed to sell its Latin American operations to Suramericana SA for about 403 million pounds ($620 million) ...
Allianz & Maiden Keep Automotive OEMs in Sight With Expanded Insurance Partnership
Allianz is expanding its alliance with Maiden Holdings with a goal of bringing new insurance coverage to automotive original equipment manufacturers and their customers. Neither side is disclosing ...
Executives On The Move at Zurich, Hiscox and More
We have a number of promotions and new hires to tell you about at Zurich, Generali, Hiscox and Preferred Mutual. *** Zurich Insurance Group is bringing in a new CEO to run its general insurance ...
U.S. Reportedly Drafting Potential Sanctions Over China Hacking
The Obama administration is drafting an escalating series of actions, including economic sanctions and curbs on doing business in the U.S., to punish China and other nations that persist in hacking ...
Drought’s Economic Damage Went Global in August: Aon Benfield
Severe drought in the western U.S. caused economic losses in August of at least $3 billion, mostly from agricultural damage in California, Aon Benfield's Impact Forecasting said in a new report. ...
Report: Zurich Pulling Together $8.4B Financing For RSA Bid
Zurich Insurance Group AG has arranged 5.5 billion pounds ($8.4 billion) in financing for the takeover of smaller rival RSA Insurance Group Plc, according to people with knowledge of the plan, ...