News
Zurich Insurance Hikes Job Eliminations and Relocations to at Least 1,800 Slots
Zurich Insurance Group AG, Switzerland's biggest insurer, is increasing job cuts and relocations to a total of at least 1,800 at the company reduces costs and overhauls its biggest unit. The company ...
U.S., China and Germany: 2014’s Largest Commercial Lines Markets
The U.S., China and Germany were the world's largest commercial lines markets in 2014, but emerging markets offered much higher growth rates, Finaccord found in a new report. Broken down, the U.S. ...
Ironshore Expands Into New Zealand Market
Ironshore Inc., now fully owned by Chinese mega-conglomerate Fosun Group, has entered the New Zealand market in a move that furthers its Asia Pacific expansion. Specifically, Ironshore International ...
Lloyd’s Performance Management Head Set to Depart in Mid-2016
Lloyd's of London said its director of performance management will be leaving the company, and a search has begun for his replacement. Tom Bolt will be leaving Lloyd's in mid-2016, after a seven-year ...
The U.S. and China Will Expand a Planned Cybercrime Crackdown
U.S. and Chinese officials have agreed to expand cooperation to crack down on cybercrime as China's state- run news agency said a hacking attack on the U.S. Office of Personnel Management was carried ...
XL Strikes Deal With RGA Ceding Most Remaining Life Re Biz
XL Group plc and Reinsurance Group of America, Incorporated separately announced a reinsurance deal in which XL's subsidiary, XL Life Ltd. will ceded a block of U.S. term life reinsurance treaties to ...
Icahn Unlikely to Oust Hancock From AIG: Analyst
Billionaire activist investor Carl Icahn, whose call to break American International Group Inc. was rebuffed by the insurer, will probably be unable to force out Chief Executive Officer Peter ...
Warning to U.S. P/C Insurers: Be Ready for a Disruptive, Transformative 2016
U.S. property/casualty insurers should expect disruptive changes in a number of areas in 2016, including technology, pricing, customer demand, and "heightened regulatory creep," EY said in a new ...