News
AIG Reels in $3.7B From Expanded AerCap Public Offering
American International Group Inc., the largest commercial insurer in the U.S. and Canada, raised $3.7 billion in cash by selling AerCap Holdings NV stock in a larger- than-planned transaction. AIG ...
Outgoing Flood Insurance Program Director Blasts Inefficiencies
The outgoing director of the National Flood Insurance Program (NFIP) says the program is a "melting iceberg" that is incapable of properly managing its various players including the private insurance ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
Insurers Now Able to Track Odometer Readings With Policyholders’ Smartphones
Property/casualty insurance information company Verisk Insurance Solutions is teaming with a technology firm to provide insurance companies with the ability to collect automobile odometer readings ...
ISO Drone Coverage Options Now in Effect
ISO announced Wednesday that its new coverage and exclusion options for commercial drones took effect June 1 in most ISO jurisdictions, providing insurers with tools to help develop innovative ...
EXOR Turns to SEC, Bermuda Lawsuit in Pursuit of PartnerRe
PartnerRe may be moving ahead on merger plans with AXIS Capital Holdings, but upstart bidder EXOR isn't going away quietly. The Italian investment firm disclosed that it is suing in a Bermuda court ...
CNA’s Commercial Arm Hires Chubb Exec as President and COO
CNA Financial Corp. has appointed Kevin Leidwinger as president and chief operating officer of CNA Commercial. In his new role, effective June 22, Leidwinger will lead the CNA Commercial team in ...
Three Tobacco Companies to Appeal $12.5B Canadian Court Ruling
Three tobacco companies plan to appeal a C$15.6 billion ($12.5 billion) decision by a Canadian court in favor of smokers in class-action lawsuits. The Quebec trial court ruled that British American ...
Brazil May Sell Part of Stake in Latin American Reinsurer IRB
Brazil's government is considering the sale of some of its stake in IRB-Brasil Resseguros SA, the largest reinsurer in Latin America, in a 4 billion-real ($1.3 billion) initial public offering, two ...