International
Executives On The Move at W.R. Berkley, JLT Re, Ironshore and More
W.R. Berkley Corp. promoted three long-time executives at the company to the offices of executive vice president. Eugene Ballard, who has been with Berkley since 1999, has previously served as senior ...
Bond Insurers May Prevent Revamp Extension for Puerto Rico Electric Utility
Puerto Rico's junk-rated electric utility, weeks away from owing a $416 million debt payment, is moving closer to a legal showdown as bond insurers consider blocking a move to give it more time to ...
AIG Reels in $3.7B From Expanded AerCap Public Offering
American International Group Inc., the largest commercial insurer in the U.S. and Canada, raised $3.7 billion in cash by selling AerCap Holdings NV stock in a larger- than-planned transaction. AIG ...
EXOR Turns to SEC, Bermuda Lawsuit in Pursuit of PartnerRe
PartnerRe may be moving ahead on merger plans with AXIS Capital Holdings, but upstart bidder EXOR isn't going away quietly. The Italian investment firm disclosed that it is suing in a Bermuda court ...
Three Tobacco Companies to Appeal $12.5B Canadian Court Ruling
Three tobacco companies plan to appeal a C$15.6 billion ($12.5 billion) decision by a Canadian court in favor of smokers in class-action lawsuits. The Quebec trial court ruled that British American ...
Brazil May Sell Part of Stake in Latin American Reinsurer IRB
Brazil's government is considering the sale of some of its stake in IRB-Brasil Resseguros SA, the largest reinsurer in Latin America, in a 4 billion-real ($1.3 billion) initial public offering, two ...
China Insurers Rush to Site of Capsized Ship on Yangtze River
PICC Property and Casualty Co Ltd, the insurer of a ship that capsized in China's Yangtze river on Monday, and other insurers have sent teams to the site to settle claims in connection with what ...
Climate Change Not Yet Boosting Atlantic Hurricane Activity: Karen Clark & Co.
Climate change may be ongoing, but it doesn't seem to have any measurable effect so far on North Atlantic hurricanes that drive cat market losses. The future, however, could be much more risky. ...