International
ACE Group Beefs Up European Cyber Risk Insurance Practice
ACE Group recently took a number of steps to beef up its cyber risk insurance practice overseas, underscoring the increasing demand for coverage in this area. The company, one of the largest ...
Investors Reward Zurich For Payout and Profit News
Zurich Insurance Group AG, Switzerland's biggest insurer, surged after saying it will distribute more than $3.5 billion in cash this year and operating profit climbed. The shares advanced as much as ...
Typhoon Rammasun Costliest Weather Event So Far in 2014
Super Typhoon Rammasun has become the costliest weather event so far in 2014, inflicting $6.5 billion in catastrophe losses in the Philippines and China. That's according to the latest Global ...
AIG to Pay $305M for Ageas’ U.K. Life Protection Insurance Arm
American International Group said it will pay $305 million for the U.K. life protection insurance division of Belgium's Ageas Group. Assuming regulators sign off on the deal to by Ageas Protect Ltd, ...
Endurance’s Earnings Call Includes Barely a Mention of Failed M&A Deal
Endurance Specialty Holdings Ltd. Chairman and CEO John Charman barely addressed the company's three-month, failed attempted to buy Bermuda reinsurance rival Aspen Insurance Holdings during a 2014 ...
AIG’s CEO Passes the Torch; His Successor Pledges Continuity
American International Group President and CEO Robert Benmosche got a bit sentimental about the company's post-financial crisis turnaround during his last investor earnings call on Aug. 5. He also ...
Brazilian Investment Bank, Abu Dhabi Fund Partner on Ariel Re Takeover
Grupo BTG Pactual, Brazil's only publicly traded independent investment bank, is partnering with shareholder Abu Dhabi Investment Council to expand its reinsurance business, said Chief Executive ...
$100M Project to Prepare Vulnerable Regions for Climate-Related Disasters
The U.S. Agency for International Development and the Rockefeller Foundation are starting a $100 million project to prepare vulnerable communities for climate-caused humanitarian disasters before ...