News
Singapore Agriculture Cat Modeling Firm Eyes China Expansion
Asia Risk Centre (ARC) scored two major insurance licensing deals that should help expand its agriculture catastrophe modeling presence in China. The Singapore catastrophe modeling and analytics ...
Simpson Exits JLT Towers Re for Guy Carp, Bringing Rating Agency Expertise
Two days after JLT Towers Re announced that David Flandro was joining the firm from a prior position at Guy Carpenter, Guy Carpenter announced that it snagged two executives from JLT Tower Re—Eric ...
Microsoft Reveals Test of Real-Time Skype Language Translator
Microsoft Corp showed off a test version of a real-time, spoken-word translation service for Skype calls on Tuesday, the first time the world's largest software company has demonstrated the ...
Primary Rates Pressured as Competitors Price In Lower Re Costs, Zurich’s Kerner Says
A slide in reinsurance rates under competition from catastrophe bonds is starting to weigh on prices that companies like Zurich Insurance Group AG charge their own customers. The decline in the cost ...
AIG’s Hancock Discusses Labor Moves to Philippines, Texas
American International Group Inc., the largest commercial insurer in the U.S. and Canada, is shifting workers to locations including the Philippines and Texas to reduce costs. "We're talking several ...
Here’s One Theory About What Drives CEO Pay
Pay for globe-trotting CEOs has soared to new heights, even as most workers remain grounded by paychecks that are barely budging. While pay for the typical CEO of a company in the Standard & ...
Anadarko’s $5.15B Environmental Cleanup Plan Gains Judicial O.K.
Anadarko Petroleum Corp.'s agreement to pay $5.15 billion for pollution cleanup across the U.S. was approved over objections from people who said their contamination-related illnesses won't be ...
AIG’s Rehab Continues With Improved S&P Outlook
The rehabilitation of American International Group Inc. continues with news that Standard & Poor's Ratings Services has improved its outlook for the insurance conglomerate. Two years after AIG ...