International
Berkshire Hathaway Specialty Launches Crime Protection With Impersonation Endorsement in Canada
Berkshire Hathaway Specialty Insurance (BHSI) announced the introduction of a new crime protection policy and executive impersonation coverage endorsement for large public and private companies in ...
Tax-Dodge Scrutiny in U.S. Repels Bidders From Bermuda Takeovers
The IRS's scrutiny of tax avoidance in offshore locations has discouraged bidders from taking over reinsurers, potentially reducing the companies' value. Montpelier Re Holdings Ltd. and Platinum ...
Chubb Adds Fireman’s Fund Vets to Boost Capacity for Wealthy Clients
Chubb Corp., the insurer of high-end homes and mega-yachts, rehired Jennifer Celmer and added two of her colleagues from Fireman's Fund to bolster the unit selling coverage to wealthy individuals. ...
Fitch Ratings: Carriers Managing Cyber Exposures as They Get Up to Speed
While cyber threats are spurring more financial risk for property/casualty insurers, carriers have managed their exposures as they work to get up to speed with experience and expertise in ...
Marsh Links With FireEye to Add Cybersecurity Service
Marsh will work with an IT firm specializing in cyber attacks to help clients evaluate their technology security and boost their ability to respond when a breach hits. The New York-based insurance ...
Finance Leaders Question Impact of Crisis-Prevention Rules
Chief executive officers and chairmen of some of Europe's biggest banks and insurance companies called for more studies on the effectiveness and impact of regulation to prevent financial crises. ...
Insurers Launching Their Own VC Funds Need High Risk Tolerance: Novarica
In small but growing numbers, property/casualty and other insurers are launching in-house insurer accelerators or venture capital funds. Carriers must be clear on their ultimate goal and risk ...
Billionaire John Paulson’s Hedge Fund Grabs $800M AIG Stake
Billionaire John Paulson's hedge fund firm bought a position in American International Group Inc. in the first quarter valued at $800 million at the end of March, in his latest bet on the insurance ...