News
Guy Carpenter Targets E&S Carriers with Specialty Practice
Guy Carpenter & Co., a global risk and reinsurance intermediary specialist and member of Marsh & McLennan Cos., announced the launch of its new Excess & Surplus Lines Specialty Practice. ...
Delaying Solvency II Until 2016 Would Harm Insurers: Hulle at FERMA
Further delays to the implementation of Solvency II would compromise the ability of European insurers to deliver protection for their clients in a riskier world, according to a leading insurance ...
What is business transformation in insurance? Insurance business transformation is an operating model and technology foundation shift that allows organizations...
Government Shutdown Could Jeopardize Economic Recovery: CEOs
Chief executive officers at companies ranging from Honeywell International Inc. to JetBlue Airways Corp. said that a prolonged shutdown of the U.S. government has the potential to jeopardize the ...
Allianz Global Corporate & Specialty Opens New Branch in Sweden
Allianz Global Corporate & Specialty AG (AGCS) has opened its newest branch in Stockholm, Sweden, further expanding its services within the Nordic Region. Since 2009, AGCS has been active in ...
Insurity Survey Uncovers Tech Issues in Regulatory/ISO Compliance
Costs for IT resources focused on complying with regulations are rising for property/casualty insurers, and many carriers cannot even keep up to date with circulars from the Insurance Services ...
Reinsurance Deals Inked to Help Troubled Tower Group
Tower Group International, Ltd. said Tuesday that it is ceding more than 20 percent of its commercial liability business and 30 percent of its workers comp business to three reinsurers under pro-rata ...
CNA Said to Seek Buyer for $500M Annuities Unit: Bloomberg Sources
CNA Financial Corp., the insurer controlled by Loews Corp., is looking to sell its payout annuities business to focus on property and casualty coverage, three people with knowledge of the matter ...
Ex-AIG Chief Greenberg Fails to Persuade Judge to Leave Case
Former AIG Inc. Chairman Maurice "Hank" Greenberg lost a second bid to have a judge remove himself from an eight-year-old lawsuit brought by the New York attorney general's office. Greenberg in July ...