News
Bryant’s Reinsurance Fortune Helps Power Alabama’s Football Dominance
The University of Alabama opened a new football-training center last February. Any professional team would be happy to have it. The amenities include a $9 million weight room, a hydrotherapy pool ...
Generali CEO Greco Eyes Extra Cost Cuts to Boost Capital
Assicurazioni Generali SpA, Europe's third-largest insurer, plans to cut an extra 150 million euros ($204 million) of costs by 2015 and reduce debt to boost profit and strengthen capital. The company ...
A.M. Best Urges Reinsurers to Innovate, Close Disaster Coverage Gaps as Capital Markets ‘Get Comfortable’
Characterizing the threat of third-party capital as an "adrenaline shot to the heart" of U.S. and Bermuda reinsurers, A.M. Best urges the reinsurers to innovate beyond simply managing capital of ...
Climate Change Refugee’s Story Highlights Worldwide Challenges
In October, the U.K.'s Daily Telegraph reported that Ioane Teitiota, 37, from the Republic of Kiribati, has asked a court in New Zealand to officially recognize him and his family as climate change ...
AXA Hires Barclays’ Porter to Oversee $515 Billion of Bonds
Axa Investment Managers, a division of France's largest insurer, hired John Porter from Barclays Plc to oversee 380 billion euros ($515 billion) in bonds. Porter, as global head of Axa's fixed-income ...
Hellman & Friedman to Buy Applied Systems for $1.8B
Private equity firm Hellman & Friedman LLC (H&F) has struck a deal to buy insurance software provider Applied Systems from Bain Capital LLC for $1.8 billion, H&F said on Tuesday. JMI ...
Progressive’s Renwick Adds Chairman’s Duty, Replacing Lewis
Progressive Corp., the fourth- largest U.S. auto insurer, said Chief Executive Officer Glenn Renwick is taking the additional role of chairman, after the death of Peter Lewis, who previously led the ...
U.S. Farm Sector Bracing to ‘Sober Up’ from Boom in 2014
After more than six years of unprecedented boom in the U.S. farm economy driven by a government-backed drive for biofuels, record low interest rates and rising food exports, American grain farmers ...