News
Arch Capital Wins Approval on Revised PMI Deal
Arch Capital Group Ltd., the insurer that struck a deal to buy assets from mortgage guarantor PMI Mortgage Insurance Co., said it has won approval from Fannie Mae and Freddie Mac, the seller's ...
Financial Firms’ Living Wills Risk Clash of Nations Over Assets, Warns AIG’s Benmosche
American International Group Inc. Chief Executive Officer Robert Benmosche said that living wills, designed to help unwind struggling financial firms, may lead to international disputes. Comparing ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Private Equity Ownership Hurts Company Performance: U.K. Study
U.K. companies bought by private- equity firms become less productive than their peers, according to a study by academics at three British universities. Researchers at Warwick Business School, ...
Oregon Insurance Commissioner Savage Leaving Post; Cali To Replace Him
Oregon Insurance Commissioner Lou Savage is leaving the Insurance Division to work on legal reform in emerging democracies overseas after nearly two years at the post. Laura Cali, the division's ...
Re Pricing Down For June 1 Florida Renewals: Guy Carpenter
In a briefing published on it the website Monday, reinsurance broker Guy Carpenter said noted that alternative reinsurance capital helped drive traditional reinsurance pricing down for midyear ...
Obama Orders Patent Changes to Combat Abuses
President Barack Obama announced a series of actions aimed at protecting technology, finance and retail companies from lawsuits and demands for fees by businesses that abuse the patent system. The ...
AIG’s Benmosche Uncertain About ILFC Sale; Welcomes Extra Oversight
American International Group Inc. Chief Executive Officer Robert Benmosche raised doubt about whether the company will complete a sale of its plane-leasing unit to a Chinese investor group by a ...
Trillions Of Dollars At Risk In Coastal States: AIR Worldwide, CoreLogic
In separate reports released earlier this week, AIR Worldwide and CoreLogic estimated insured property values in coastal areas of the United States reaching into the trillions of dollars. CoreLogic, ...