International
Allianz CEO Will Step Down In Wake of PIMCO, Fireman’s Fund Challenges
Allianz SE said Chief Executive Officer Michael Diekmann will step down next year and named board member Oliver Baete to succeed him as it grapples with upheaval at Pacific Investment Management Co. ...
No New Property-Cat Bonds in Q3: Verisk
There wasn't a single new property-catastrophe bond issued in the 2014 third quarter, the first time that's happened this time of year in at least a decade, Verisk Insurance Solutions asserts in its ...
Tokio Millennium Re Chooses New CEO From Within
Tokio Millennium RE AG has named a new CEO, promoting from within as part of a series of new executive and board appointments. Stephan Ruoff will become chief executive officer of the reinsurance ...Fed Testified it Resisted Giving AIG $85B Bailout Loan
The Federal Reserve Board of Governors didn't want to bail out American International Group Inc. with an $85 billion loan, preferring that the insurer find a savior in the private marketplace, the ...
Aon Benfield Launches New Private Charter Aviation Policy
Aon Benfield has rolled out a new kind of insurance coverage that it suggested could spur business expansion in private charter aviation. Ostensibly, the coverage is designed for SHY Aviation, an ...
Europol Pushes For Data Law Changes to Battle Cybercrime
Law enforcers in Europe need greater powers to retain data for longer in order to catch cybercriminals selling discrete services that police cannot trace under existing regulations, according to a ...Greenberg Argument: U.S. Bailout of AIG Extorted Shareholders
The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice "Hank" Greenberg ...
Report: PC Industry Increasingly Embraces Big Data Analytics
North American property/casualty insurers have moved well beyond cautious dabbling into projects involving big data analytics. At the same time, they must find more employees with advanced degrees in ...