U.S.
Most Insurers Envision at Least One Acquisition in 2017: KPMG Survey
A large majority of insurers plan to pursue acquisitions or divestitures through 2017, according to a new KPMG report, indicating that late-2015 and 2016 deal-making wasn't a fluke. About 84 percent ...
AIG, Wary of Battle With Icahn, Pushed for CEO Hancock’s Resignation: WSJ
American International Group Inc's decision to remove Peter Hancock as its chief executive was to avoid a proxy battle with billionaire activist investor Carl Icahn, the Wall Street Journal reported, ...
China’s Anbang Insurance Denies Investment in Kushner-Owned Manhattan Office Tower
China's Anbang Insurance Group said it is not investing in a flagship Manhattan office tower owned by the family of Jared Kushner, U.S. President Donald Trump's son-in-law and senior adviser. Anbang ...
New El Niño Possible by July; Southeast Asia Could Face Dry Weather
An El Nino may develop by July as forecasters worldwide predict the pattern that can disrupt global weather is set to return this year. Six of eight climate models predict El Nino thresholds may be ...
Executives On The Move at AGCS and Alliant
Allianz Global Corporate & Specialty named one of its existing executives as the new global head of Cyber. Alliant brought in a new executive who will help design and launch risk management and ...
The Hanover, Amica Top 2017 J.D. Power Homeowner Claims Satisfaction Ranking
Amica Mutual may still lead the pack in terms of overall satisfaction among homeowners who have filed a property claim, but The Hanover and Nationwide are nipping at the insurer's heels, according to ...
Ireland Alleges Unfair Competition for Post-Brexit Financial Firms
Ireland has complained to the European Commission that it is being undercut by rival centers competing to host financial firms looking for a European Union base outside London after Brexit. Last ...
More Cyber Threats, Weakened Data Security Underscore Need to Better Understand Problem
An increase in spearfishing and ransomware, coupled with weakened data security due to more connected and mobile devices, means businesses and insurers need to understand and protect against these ...