Risk & Capital Management
Inadequate Shareholder Disclosure and Other Killer Risks
While most of the killer risks that can torpedo a company exist within the walls of the organization, the deadliest—in terms of its hidden impact—relates to external communications, a risk expert ...
SNL Acquires Analytics Firm iPartners
SNL Insurance, a division of SNL, has acquired iPartners LLC, which offers analytics and reporting software and services that help insurers collect and analyze internal business data. Terms were not ...
Merger of German Public-Sector Insurers Unlikely: Fitch
German public-sector insurers, which include Versicherungskammer Bayern and Provinzial Nordwest Holding AG, are unlikely to merge, Fitch Ratings said. "There is no requirement for such a high number ...
Why American Financial is Buying Summit; Execs Reveal Deal Benefits
The ability to use cash for investments is one of the reasons executives of American Financial Group gave for paying $250 million for some former Liberty Mutual workers compensation units last week. ...
China’s Fosun Buys 80% of Portugal Insurer for $1.36 Billion
China's Fosun International Ltd. bought 80 percent of Portugal's Caixa Geral de Depositos SA's insurance unit for 1 billion euros ($1.36 billion), beating out U.S. buyout firm Apollo Management ...
ACE Establishes $95M SPV Altair Re II
ACE Limited announced Monday that it has established Altair Re II, a $95 million special purpose vehicle to provide additional collateralized capacity for its global reinsurance business. Altair Re ...
Argo Establishes 2014 Sidecar, Issues Cat Bonds
Argo Group International Holdings, Ltd. announced Monday that it establised a new sidecar reinsurer and separately announced that it issued $172 million in catastrophe bonds. The sidecar, Harambee Re ...
Cyber Threats Targeting Insurers Mount; Carriers Not Keeping Pace
While insurers have made significant security improvements, they have not kept pace with today's determined cyber adversaries. As a result, many rely on yesterday's security practices to combat the ...