U.S.
XL Catlin Attracts Former Zurich Exec to New Leadership Role
XL Catlin hired a former high-level Zurich Insurance executive to fill a new role at the company. Dan Riordan will be president, Global Political Risk & Trade Credit. Most recently, he was CEO of ...
Insurers Could Gain from Learning More About ‘Cat Bond Lite’
"Cat bond lite" transactions are enjoying a big growth spurt, and a new industry report said insurers and reinsurers stand to gain by becoming more familiar with how they work. "The rapid growth in ...
Willis, Aon and Verisk Agree: Q1 Cat Bonds Hit Record Issuance
There's more evidence that catastrophe bond issuance hit record territory again during Q1. This time, Aon Securities and a division of Willis Towers Watson are making the call, after a Verisk arm did ...
Houston Floods Kill at Least 8 and Destroys Hundreds of Homes; More Rain Likely
At least eight people have died and some 1,150 homes have been damaged in flooding triggered by torrential downpours in the Houston area this week, officials said on Wednesday, as forecasts called ...
VW Stock Surges as Investors Expect U.S. Emissions Settlement
Volkswagen AG rose to a six-week high after the manufacturer said it expects no need for a U.S. trial in mid-2016 over damages related to rigging diesel-engine control software to dupe emission ...
Allied World’s Investment Income, Combined Ratio Spiked Higher in Q1
First, the good news about Allied World's 2016 first quarter: investment income grew by nearly 20 percent. Many other things for Allied World Assurance Company Holdings AG, however, were on a ...
Chubb CEO Evan Greenberg Joins Chorus Opposing NC Bathroom Law
https://www.youtube.com/watch?v=lTZPClIFD14&feature=youtu.be Chubb Chairman and CEO Evan Greenberg has joined the growing chorus of business leaders, academic and public figures condemning North ...
AmTrust Seeks to Boost Lloyd’s Presence With Latest Acquisition
AmTrust Financial Services said it has agreed to buy specialty insurance company ANV Holdings B.V. and its Lloyd's affiliates for $218.7 million in cash. The seller is the Ontario Teachers' Pension ...