Risk & Capital Management
Norwegian Insurer Nears First Sale of Industry’s Newest, Riskiest Bonds
Gjensidige Forsikring ASA is on track to become the first insurer to issue a new type of bond that will become the industry's riskiest debt. The Norwegian company may sell as much as 1 billion kroner ...
Carl Icahn is Pleased. Can AIG CEO Peter Hancock Exhale Now?
Carl Icahn, who won representation to the board of American International Group Inc. after threatening a proxy battle, said he's warming to the approach of the insurer's chief executive officer. " ...
Argo Division Grabs Renewal Rights to Allied World’s Asia Marine Hull Business
Argo Group member and Lloyd's insurer ArgoGlobal said it has acquired the renewal rights for Allied World's marine hull business in Asia. The transaction completed on August 5. "I am very pleased ...
AIG Targets Wealthy Canadian Clients With Home Construction Risk Reduction Program
AIG launched a new risk-reduction service for wealthy clients in Canada whose high-priced homes are under construction. The mega-property-casualty insurer said that its AIG Insurance Company of ...
State Auto Lost $24.6M in Q2; Catastrophe and Auto Losses to Blame
Higher catastrophe and auto losses helped drive State Auto Financial Corp.'s 2016 second quarter into the red. The Columbus, Ohio-based super regional insurer reported a second quarter 2016 net loss ...
Western European Insurers, Hammered by Low Interest Rates, Slow to Revamp Investments
Insurers in Western Europe have generally stayed the course with their investment mixes in recent years, even as they've been hammered by record-low interest rates, Standard & Poor's Global ...
AIG’s Commercial Combined Ratio Climbed to 102.1; Insurer Discloses $3B Buyback
American International Group Inc. said it will buy back $3 billion of stock after second-quarter profit climbed 6.3 percent, helped by asset sales. The insurer climbed in extended trading in New ...
Mutual Insurers Rebound (Slightly), Though Threats Remain: Swiss Re
Mutual insurance companies have gained back some of the global market share they lost due to demutualizations in recent years. Those gains are threatened, however, by new financial regulations, ...