News
Wells Media Launches Carrier Management Print Magazine
Wells Media Group Inc. has launched a new print publication, Carrier Management Magazine, for property/casualty (P/C) insurance executives. This magazine launch follows the spring debut of the ...Tooker to Replace Cholnoky as General Reinsurance President in 2014
John Cholnoky will retire as president of General Reinsurance Corp. during the first quarter of next year, the Stamford, Conn.-based reinsurer said. The company, which is owned by Berkshire Hathaway ...
S&P Calls Federal Lawsuit ‘Retaliation’ for U.S. Downgrade
Standard & Poor's said on Tuesday the U.S. government filed a $5 billion fraud lawsuit against it in "retaliation" for its 2011 decision to strip the country of its "AAA" credit rating. The ...
RenaissanceRe and Munich Re Reach Agreement on U.S.-Based Weather and Energy Unit
RenaissanceRe Holdings Ltd. announced Tuesday that it entered into an agreement with Munich Re to sell its U.S.-based weather and weather-related energy risk management unit, RenRe Energy Advisors ...
P/C Loss Reserve Cycles Are Real: AM Best Analysis
The idea that carriers release loss reserves when property/casualty insurance markets soften and strengthen them in hard markets is more than a theory, according to a new analysis by rating agency ...Berkshire Hathaway Specialty Insurance Names New Chief Information Officer
Berkshire Hathaway Specialty Insurance announced Tuesday that it has named James O. Roser as chief information officer. Roser has an extensive record of leadership in the business technology arena, ...
London Insurance Tower Probed for Car-Melting Light Beam
The owners of the 37-story tower known as the Walkie Talkie in the City of London financial district are investigating a light beam cast by the building that's so intense it melted parked cars. Land ...
Asia’s Expert Networks for Investors Coming Under U.S. Scrutiny
Expert networks - a matchmaking service linking investors such as hedge funds with company insiders - are under scrutiny from regulators in the United States, but are expanding across Asia, where the ...