News
AlphaCat Managers Ltd. Promotes Stanton to CFO Spot
AlphaCat Managers Ltd. announced late last week that Jo Anne Stanton has been promoted to Senior Vice President and Chief Financial Officer of AlphaCat. Stanton joined the company in 2009 and most ...
Best Downgrades SPARTA to ‘B++’ as Group Mulls Strategies
A.M. Best Co. announced Friday that it has placed the ratings of SPARTA Insurance Group's members (collectively known as SPARTA) under review with negative implications. The rating agency action ...
AIG Plans Islamic Reinsurance (Retakaful) Venture in Malaysia
American International Group Inc. is plotting its entry into Malaysia's Islamic insurance market, lured by the country's economic expansion and an industry that has grown more than fivefold in less ...Pine River Hedge Fund Raising $750 Million to Start Bermuda Reinsurer
Pine River Capital Management LP, the $14.3 billion hedge-fund firm founded by Brian Taylor, is raising capital for a reinsurance company in the latest push by a money manager into the industry. The ...
Greenberg’s Starr Investment Heads Group Buying Claims Firm MultiPlan
A group led by former AIG boss Maurice "Hank" Greenberg's Starr Investment Holdings said it would buy health insurance claims processor MultiPlan Inc. Terms of the deal were not disclosed. A person ...
Workplace Safety Beats Cyber, Terror as Top Small Biz Risk Concern
According to a survey of more than 500 small business owners, workplace safety risks are a greater source of concern than cyber risks, terror risks and other worrisome injury and cost drivers. ...
OECD Wants Broker, Insurer Data Included in Tax Evasion Crackdown
Accounts at brokers and insurers need to be included along with banks in a plan designed to share data among governments to crack down on tax evasion, the Organization for Economic Cooperation and ...
Bonuses Up at Insurance Companies: Towers Watson
With property/casualty insurance and life and annuity companies having a great year in 2013, bonus funds were up above targeted amounts for 80 percent of them, Towers Watson reported yesterday. In an ...