AIR Estimates Insured Losses from Europe Windstorm at $2-$3 Billion November 7, 2013 Catastrophe modeling firm AIR Worldwide has estimated that insured losses from Windstorm Christian (known as St. Jude in the UK)...
ABI Estimates 105,000 Claims Totaling $208 Million from St. Jude Storm November 7, 2013 The Association of British Insurers (ABI) said it expects the country’s insurers to “deal with a total of 105,000 claims,...
Arctic Ship Route May be Safer with Anglo-Russian Radio Waves November 7, 2013 By Jonathan Saul The perils of the new Arctic shipping route, warmed by climate change, may diminish with a British-Russian radio navigation initiative,...
AIG Settles Dispute Over Real Estate Executive Pay for $274M November 7, 2013 By Nate Raymond American International Group Inc. has agreed to settle a $274 million lawsuit by a former executive who said the insurer...
Munich Re Plans $1.35 Billion Buyback as Q3 Net Beats Estimates November 7, 2013 By Oliver Suess Munich Re, the world’s biggest reinsurer, plans to buy back €1 billion ($1.352 billion) of its shares as third-quarter profit...
Generali Third-Quarter Net Profit Rises as Operating Income Climbs November 7, 2013 By Sonia Sirletti and Francesca Cinelli Assicurazioni Generali SpA, Italy’s biggest insurer, said third-quarter profit rose 75 percent as it earned more from its life segment...
Swiss Re Q3 Net Beats Analyst Forecasts as Non-Life Sales Jump November 7, 2013 By Carolyn Bandel Swiss Re Ltd., the world’s second- biggest reinsurer, reported better than expected third-quarter profit after non-life premiums rose by a...
Horace Mann Announces Property/Casualty Leadership Changes November 7, 2013 Springfield, Ill.-based Horace Mann Educators Corp. has named Stephen P. Cardinal to lead its property/casualty business as executive vice president,...
Nationwide Insurance Recruiting New Agents in Texas November 7, 2013 Columbus, Ohio-based Nationwide Insurance announced that the company is looking to add 100 new Advantage Program insurance agents in the...
Insurers’ Annual Incurred A&E Losses Rose 12% in 2012: A.M. Best November 6, 2013 While generally not a material drag on the U.S. property/casualty industry’s earnings, industry losses from asbestos and environmental (A&E) claims...