News
W.R. Berkley’s CEO: M&A Trend Mostly Driven by ‘Management Ego’
W.R. Berkley Corp.'s outspoken chairman and CEO slammed the surge of M&A activity hitting the property/casualty industry in recent months as something driven more by "management ego" than true ...
AIR Worldwide Updates Earthquake Models for South America
Catastrophe risk modeler AIR Worldwide announced that it has updated its earthquake models for South America to include liquefaction and tsunami risks, as well as to enable the analysis of high-value ...
How AIG Is Using Cyber Intelligence to Protect Property from Cyber Attacks
A three-hour shutdown of the New York Stock Exchange on the same day that a network failure halted all United Airlines flights in the U.S. had people across the country thinking one thing: cyber ...
Google, Amazon, 12 Others Working on Drone-Traffic Control Solution
Google Inc., the company that brought order to the Internet, has set its sights on doing the same for the flocks of commercial drones expected to someday clog the skies. The search-engine pioneer is ...
AIG Hires New Chief Investment Officer and Buys His Firm
American International Group hired on a veteran of JPMorgan Chase and Zurich Capital Markets as its new chief investment officer. Douglas Dachille's full title will actually be executive vice ...
Zurich Insurance Confirms Possible Bid For Rival RSA
Cash-rich Zurich Insurance is weighing a bid for British rival RSA Insurance Group which could top $8 billion and be the latest industry tie-up amid toughening regulations. The impending launch of ...Hartford’s Profit Beats Estimates, Share Buyback Grows
Hartford Financial Services Group Inc., the insurer that sold life units to focus on property/casualty coverage, increased its share buyback by $1.6 billion and raised the dividend 17 percent as ...
ACE Unveils Post-Chubb Merger North American Management Team
ACE may have announced plans to acquire Chubb for $28 billion only a few weeks ago, but it has already designated a post-merger leadership team for the North American Insurance operations of the ...