News
AIG Chairman: P/C and Life Insurance Operations Have Place at Company
American International Group Inc., which is shrinking under pressure from activist investors, is committed to retaining operations in both life insurance and property-casualty coverage, Chairman Doug ...
Taking Stock of D&O Insurance Market: Capacity, Coverage and Culpability
The directors and officers liability marketplace continues to find softening rates and intense competition, especially in excess layers, according to industry executives. The industry is also seeing ...
Which Country Is the Most Risk Resilient? That Would Be Switzerland
Switzerland is the world's most resilient country in terms of its ability to handle global risks including natural hazards, oil price volatility and terrorism, according to FM Global's 2016 ...
Hamilton Opens New London Offices for Lloyd’s Operations
Bermuda-based Hamilton Insurance Group is opening new offices in London to support its growth in the Lloyd's market. In April 2015, Hamilton acquired a niche sports underwriting managing agency, ...
AmTrust Completes $55M Purchase of Genworth Financial’s Mortgage Insurance Division
AmTrust Financial Services has concluded yet another acquisition, this time in the mortgage insurance realm. The New York City-based multinational insurance company recently completed its purchase of ...
Allianz Asset-Management Profit Plunges 17 Percent Due to PIMCO Struggles
Allianz SE's asset-management unit, struggling to contain outflows at Pacific Investment Management Co. over the past three years, reported a 17 percent decline in first-quarter earnings as outflows ...
Obama Urges Tighter Building Codes to Reduce Natural Disaster-Related Losses
President Barack Obama is asking the private sector to tighten building standards to reduce losses from natural disasters after studies linked an increase in extreme weather to climate change. The ...
Unlike Buffett, S&P Sees ‘Considerable’ Climate Change Impact for Insurers
While the overall impact of climate change on the insurance industry is difficult to quantify, the multilayered effects of regulation, reputation and litigation will be "considerable" over the long ...