News
Berkshire Makes Surprise Investment in U.S. Airlines
Warren Buffett's Berkshire Hathaway Inc. on Monday said it has bought shares in the four biggest U.S. airlines: American Airlines Group Inc., Delta Air Lines Inc., Southwest Airlines Co. and United ...
Verisk Acquires UK Geographic Data Group
Verisk Analytics, Inc., a data analytics provider, announced the acquisition of The GeoInformation Group, a participant in the field of geographic data solutions based in Cambridge, United Kingdom. ...
AIG Agrees to Sell Japan Life Business to Hong Kong’s FWD Group
Hong Kong tycoon Richard Li is poised to buy American International Group Inc.'s Fuji Life Insurance Co. business, a deal that marks his FWD Group's first foray into Japanese insurance. AIG will ...
IIS Names Butt, Sumi, von Bomhard as Hall of Fame Candidates
The International Insurance Society has announced the nominees for the 2017 Insurance Hall of Fame. The 2017 candidates are: Michael Butt, Chairman of the Board, AXIS, Bermuda; Shuzo Sumi, Chairman ...
New Zealand Hit by Powerful Earthquake
New Zealand was hit by a powerful earthquake early Monday—one more than fifty times bigger than the 2011 Christchurch quake, according to catastrophe modeler RMS. The magnitude 7.8 earthquake ...
Argo Group’s Planned Ariel Re Buy Leaves S&P Long-Term Ratings Unchanged
Argo Group's planned $235 million acquisition of Ariel Re is drawing the market equivalent of a shrug from Standard & Poor's. S&P said that its long-term ratings for Argo and its related ...
Executives On The Move at Chubb, Allied World, Lockton and More
Allied World brought on two former AIG executives to help run operations in Asia. Chubb named a new executive to lead its Real Estate & Hospitality Industry practice, after the previous executive ...
Drone Makers Shift to Commercial Uses as Consumer Market Crashes
The fledgling drone industry is in the throes of change as weak consumer demand and falling prices drive startups to shift their focus to specialized business applications. 3D Robotics, an early ...