News
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 ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
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 ...
AIG Trimming U.S. P/C Staff By 3%; Commercial Combined Ratio Improves to 107.7
Insurer American International Group on Thursday raised its dividend and announced more share buybacks as its fourth-quarter earnings beat expectations, swinging to a profit compared with a ...
The Institutes, Univ. of Wisconsin Team Up on Insurance Manager Program
The Institutes have partnered with the Wisconsin School of Business at the University of Wisconsin-Madison to offer a Leadership Development program designed for property/casualty insurance managers ...