International
XL Group’s McGavick: Brokers Rule in a Global P/C Insurance Market
With today's globally focused property/casualty insurance market, brokers wield the greatest influence, XL Group CEO Mike McGavick asserted at a recent industry forum in the U.K. "Brokers hold the ...
Scor CEO Warns Insurers Face ‘Huge Cost’ From Quantitative Easing
The European Central Bank's bond-buying plan may not help the region's economic recovery while it makes the investment decisions harder for insurers and reinsurers, Scor SE Chief Executive Officer ...
Ex-White Mountains CEO Gains New Director Role at Third Point Re
Steven Fass, a former CEO of White Mountains Insurance Group and a 39-year insurance veteran, has been named Lead Independent Director at Third Point Reinsurance. Third Point Re created the position. ...
Asiana Airlines, Dozens of Passengers, Reach San Francisco Crash Settlement
Asiana Airlines Inc settled with 72 passengers of its flight that crashed at the San Francisco airport in 2013, a spokesman of the South Korean carrier said on Wednesday. The spokesman declined to ...
Apple Exploring Resolution of Lawsuit From Electric Car Battery-Maker
Apple Inc is discussing a settlement in a lawsuit brought by electric car battery maker A123 Systems, which accused the iPhone maker of poaching top engineers to build a large-scale battery division. ...
RMS Targets South Korea With Wide-Ranging Cat Flood Risk Catalog
RMS is rolling out a wide-ranging series of flood risk models for South Korea, the catastrophe modeling firm has disclosed. Known formally as the South Korea Probabilistic Flood Maps and Scenario ...
New Credit Card Tech Falls Short in Addressing Security Problems
New technology about to be deployed by credit card companies will require U.S. consumers to carry a new kind of card and retailers across the nation to upgrade payment terminals. But despite a price ...
Liberty Mutual Finishes Out 2014 Strong, But Catastrophe Losses Grow
Liberty Mutual Holding Company finished out 2014 with gains in net written premium, net income and an improved combined ratio. But catastrophe losses jumped substantially due to costs from a number ...