U.S.
XL Group Looking to Switch Corporate HQ from Ireland to Bermuda
XL Group's $4 billion merger with Catlin in 2015 has led the insurance and reinsurance giant to look at its second change of incorporation in six years. The Ireland based holding company for XL ...
For State Farm, 2015 Underwriting Losses Balanced Out by Investment Gains
State Farm Mutual Automobile Insurance Co., the largest U.S. property/casualty insurer, said 2015 profit rose 48 percent on investment gains tied to pharmaceutical holdings. Net income increased to ...
Massive Calif. Methane Leak Ranks as Largest U.S. Event of Its Kind
The months-long natural gas leak that forced thousands of Los Angeles residents from their homes ranks as the largest known accidental methane release in U.S. history, equal to the annual greenhouse ...
Buffett: Don’t Listen to Prez Hopefuls Talking Down U.S. Economy
Warren Buffett bemoaned the "negative drumbeat" on the U.S. economy from presidential candidates in his annual Berkshire Hathaway Inc. shareholder letter on Saturday, saying they are misleading ...
XL Catlin Doubles Available Limits for Standalone Terrorism Coverage
XL Catlin said it has doubled available limits for its standalone terrorism coverage and added other bells and whistles in what it described as a market response to new attacks in cities and schools ...
RSA Warns British Exit From EU Could Harm Its Business, Investment Returns
RSA chief Stephen Hester said a British exit from the European Union could have a negative impact on the insurer's business and investment returns, underscoring a warning from top executives about ...
Ironshore Adds U.S. Homeland Security Assessment to Cyber Policy
A division of Ironshore Inc. is beefing up the risk management services it offers a certain class of cyber policyholders. Among the additions: A cyber security assessment and technical services ...
January Storms Cost U.S. $2B: Aon Benfield’s Impact Forecasting
Severe winter storms in the U.S. and Asia caused an estimated $4.0 billion in economic damages, topping the list of January catastrophes, according to a monthly recap from Aon Benfield's Impact ...