International
Willis Will Grab Majority Stake in Miller, Enabling Growth in Wholesale Market
Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to take a majority stake in Miller Insurance Services LLP to add shipping clients. Willis will take an 85 percent ...
An Imminent Need in Asia: Develop and Retain Local Insurance Talent
The Asian insurance sector has endured a radical transformation during the past decade, imposed by a combination of global and regional influences as well as demands made by a more sophisticated and ...
Report: False Positive Cyber Security Alerts Adding Unnecessary Cost
It is common knowledge at this point that cyber attacks are increasing in their frequency, scope and cost to businesses around the world. But falsely positive cyber security alerts are also taking ...
RSA Will Battle Ex-Executive’s Unfair Dismissal Allegation
RSA Insurance Group Plc said it will fight a constructive dismissal case filed by the former head of its Irish unit, who stepped down more than a year ago amid an accounting scandal. Philip Smith, ...
AIG to Grow in Ireland With a Health Insurer Acquisition
American International Group is expanding its health insurance offerings with a new acquisition in Ireland. AIG said it will buy Layla Healthcare, Ireland's second largest health insurer, and that ...
Berkshire Hathaway’s Gen Re Advances Two Execs; Tooker Resigns
General Re Corp., one of the reinsurance units at Warren Buffett's BerkshireHathaway Inc., named Robert M. Jones and Carole M. Ferrero to lead direct sales of property- casualty coverage. Jones will ...
Loeb’s Third Point Re Picks U.S. Location, Discloses Offering Plans
Third Point Reinsurance Ltd., the Bermuda- based company co-founded by hedge-fund manager Dan Loeb, has picked Short Hills, New Jersey, as the location for a new U.S. subsidiary. Shane Haverstick, ...
Suits Against Haliburton, KBR Concerning Overseas Conduct to Proceed
The U.S. Supreme Court on Tuesday allowed lawsuits to move forward against government contractors in Iraq and Afghanistan by declining to hear appeals filed by KBR Inc and Halliburton Co. The high ...