News
Industry Loss Reserve Redundancy Disappearing: Aon Benfield Analysis
According to an analysis published by Aon Benfield, loss reserves held by U.S. property/casualty insurers for commercial lines are deficient by $2.8 billion, with workers compensation coming in ...
Validus Holdings $600M Deal for Western World Rumored
Validus Holdings Ltd., the Bermuda-based reinsurer, is near an agreement to acquire specialty insurer Western World Insurance Group, people familiar with the matter said. Validus could announce a ...AIG Commits $1.5B to Lending Venture for Mid-Sized Cos. With Oak Hill
American International Group Inc., the largest property/casualty insurer in the U.S. and Canada, joined private-equity firm Oak Hill Capital Management to help start a lender serving medium-sized ...
Analysts Fear Terror Attacks in Africa During World Cup
Analysts say that bars, restaurants and other venues in Africa that screen World Cup matches will be at risk of terrorist attack during the tournament that kicks off on Thursday in Brazil. ...
Executive Changes Announced at GR-NEAM
On Tuesday, Gen Re announced several planned organizational changes at GR–NEAM prompted by Gerard (Jerry) Lynch's announcement that he will be retiring Dec. 31, 2014. Effective immediately: ...
Hancock Replacing Benmosche as CEO Sept. 1; Taking First Board Role
When Peter Hancock spoke at the Professional Liability Underwriting Society D&O Symposium in February 2012, he may not have foreseen yesterday's announcement that he would ascend to the highest ...
Business Urging Delaware Lawmakers Not to Block ‘Loser-Pays’ Bylaws
Big Business is lobbying Delaware lawmakers for corporate bylaws to shift legal fees to shareholders who sue and lose, which legal experts say could curtail a booming type of investor class actions. ...
Buffett May Up Berkshire’s Bets on Solar, Wind Power to $30B
Warren Buffett briefly lost track of how many billions of dollars his Berkshire Hathaway Inc. is spending to build wind and solar power in the U.S. That didn't stop him from vowing to double the ...