International
Catastrophe Losses Dented Chubb’s Q1 Net Income
Severe U.S. winter weather left Chubb Corp. with higher catastrophe expenses in its 2015 first quarter, a major factor that dampened net income. But CEO John Finnegan framed the overall results as ...
Munich Re’s Hartford Steam Boiler Invests in ‘Internet of Things’ Tech Startup
Munich Re's Hartford Steam Boiler made a seed stage investment in Waygum, a technology startup focused on building a mobile app platform for the Industrial Internet of Things. HSB isn't disclosing ...
AIG Expands in Bulgaria With Debut of New Support Center
American International Group continued its expansion in Central Europe with the opening of a new support facility in Bulgaria. The new Shared Services Center is designed to support AIG's insurance ...
Proposed IRS Rules Could Threaten Paulson, Highbridge Bermuda Ventures
Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules ...
Beating the M&A Trend, Aspen is Thriving (So Far) On Its Own
As consolidation in the reinsurance industry accelerates, Aspen Insurance Holdings Ltd. offers a study in contrasts. The Bermuda-based insurer and reinsurer fought off an aggressive takeover bid ...
Swiss Re, IBM, to Team on Corporate Cyber Risk Protection
Swiss Re is linking up with IBM in a bid to address demand for better corporate cyber risk protection. Neither side is disclosing financial details. Specifically, the partnership is between the Swiss ...
Executives On The Move at ACE, TigerRisk, Allianz and More
We have a number of new executive appointments to tell you about at ACE Group, Tiger Risk, Allianz, Canopius and Infinity Property and Casualty Corp. *** ACE Group said it has made a number of ...
Villers to Leave Executive Roles at Aspen Later This Year
A major executive at Aspen Insurance Holdings is stepping down later this year. Rupert Villers, chairman of Aspen Insurance and president of Aspen International Insurance, said he will leave the ...