News
S&P Announces Ratings for Cat Bonds: Kilimanjaro Re Ltd. and Sanders Re. Ltd.
On Thursday, Standard & Poor's Ratings Services announced ratings for catastrophe bonds sponsored by Everest Re and Allstate. Kilimajaro With respect to the Everest Re bonds, S&P assigned ...
Top 10 Countries in Manufacturing; U.S. is ‘Rising Star’
Call it the comeback kid. A new ranking of the competitiveness of the world's top 25 exporting countries says the United States is once again a "rising star" of global manufacturing thanks to falling ...
Name Change: XL Group’s Primary Casualty Biz is Now ‘Global Risk Management’
On Thursday, XL Group announced that XL Group's North America Primary Casualty business is operating under a new banner—Global Risk Management. The change is meant to capture the operation's ...
Former AXIS Energy Insurance Exec Easton Joins Endurance
Clifford Easton joined Endurance Specialty Holdings Ltd. on Friday as Executive Vice President and Global Head of Energy Insurance, Endurance announced. Endurance, in its announcement released on ...
Surge of Storms and Fires Stunts Chubb’s Q1 Net Income
The Chubb Corporation endured a big hit to its 2014 first-quarter income, thanks to harsher-than-expected winter weather in the United States, plus a surge in homeowner fire and flood-related losses. ...
Cincinnati Financial’s Earnings Drop Softened By Investment Income
Cincinnati Financial confronted a drop in net income for its fiscal 2014 first quarter due, in part to higher catastrophe losses, and non-catastrophe losses driven by severe winter weather. But the ...
Former KPMG Partner Gets Jail Time for Insider Trading
Former KPMG LLP senior partner Scott London, who had provided tips to a friend about the accounting firm's clients, was sentenced to 14 months in prison on an insider trading charge by a federal ...
Citizens Board Okays $3.1B Re Package; Includes Largest Cat Bond in History
Continuing its efforts to reduce assessment risk, the Board of Governors of Citizens Property Insurance Corporation on Thursday approved a $3.1 billion risk transfer program for the 2014 hurricane ...