International
Allied World Europe Invests In London-Based MGA
Allied World Assurance Company Holdings, AG announced Wednesday that Allied World Assurance Holdings (Ireland) Ltd entered into an agreement with Gravity Underwriting Limited whereby Allied World ...
Zurich’s Hogan Rejoins AIG As Consumer Insurance CEO
American International Group has named Kevin Hogan as chief executive officer of AIG Global Consumer Insurance. Hogan, who previously had a 24-year career at AIG, is expected to formally rejoin AIG ...
Third Point Re Investors Betting on Loeb, Smart Underwriting
Investors in Third Point Reinsurance Ltd.'s initial public offering are betting on billionaire hedge fund manager Daniel Loeb. They're also taking on risk from an unprofitable underwriting operation. ...
Fairfax Financial’s Watsa — Canada’s Buffett— Bets on Blackberry for Long Term
Just over a year ago, Prem Watsa said Research in Motion Ltd., now re-named BlackBerry, was a "Canadian success story," a good buy and a likely turnaround story, despite declining market share. ...
Investors Favoring Europe, Shunning Emerging Markets
Investors have boosted their allocation to euro zone stocks to its highest in 5-1/2 years at the expense of emerging markets as confidence about the region's growth improves, a closely-watched survey ...
Swiss Re Reports Better-Than-Expected Profit Despite Flood Losses
Swiss Re shrugged off the cost of floods in Europe to post a better-than-expected second-quarter profit on Thursday and said it could beat its main annual performance target if claims remain stable ...
Catastrophe Bonds Cutting Reinsurance Prices, Says Swiss Re CFO Quinn
Swiss Re Ltd. Chief Financial Officer George Quinn said increasing sales of catastrophe bonds will put pressure on reinsurance contract prices as they compete for disaster coverage. "While the market ...Catlin Hurt By Sandy, Costa Concordia Losses, Bond Slump
Catlin Group Ltd., the second-largest Lloyd's of London insurer by market value, fell in London trading after it reported lower-than-expected first-half earnings, hurt by rising bond yields and ...