insurance News
Allianz Exec Views Hedge Funds as Insurance Industry Asset
Chris Fischer Hirs, the head of Allianz SE's specialty insurance business, said he welcomes the growing participation of Wall Street in the insurance industry as an opportunity, not a threat. "Hedge ...
How Insurers Can Wield Social Media to Attract Millennial Customers
Bloomberg has reported that the rate of home ownership in the United States is at its lowest level in 20 years and the number of first-time buyers entering the market is at an almost 30-year low. The ...
ACE Group Launches Luxury Retailer Coverage For Wedding Dress Delivery Snafus
ACE Group is targeting international retail and luxury goods retailers with new specialized insurance coverage that addresses everything from wedding dress delivery snafus to fallout from product ...
Brindle’s Fidelis Insurance Holdings Debuts With $1.5B in Equity Raised
Fledgling Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Ltd. raised a massive $1.5 billion in equity capital, a major accomplishment for the industry. What's more, Fidelis ...
EXOR Turns to SEC, Bermuda Lawsuit in Pursuit of PartnerRe
PartnerRe may be moving ahead on merger plans with AXIS Capital Holdings, but upstart bidder EXOR isn't going away quietly. The Italian investment firm disclosed that it is suing in a Bermuda court ...
A.M. Best: Gross Written Reinsurance Premium Drops in London Market
Lloyd's gross written reinsurance premium dropped more than 5 percent from 2013 to 2014, underscoring the competitive threat to the London market posed by local and regional reinsurance hubs, A.M. ...
Executives On The Move at SCOR, Aspen and A.M. Best
French reinsurer SCOR SE made two new executive appointments. Spencer Aldridge will become the new group chief compliance officer, effective June 1 and be based in Charlotte, N.C. He's a veteran of ...
PartnerRe’s Shareholders Will Vote July 24 on Proposed AXIS Capital Merger
PartnerRe set July 24 as the date that shareholders will vote on its proposed merger with AXIS Capital Holdings, months after both parties first announced their agreement. The milestone follows a ...