Hartford CEO McGee Steps Down for Medical Recovery; Swift Named CEO June 9, 2014 By Zachary Tracer Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer, replacing Liam McGee, who is stepping down after...
One Catastrophe Won’t Scare Away Alternative Capital: S&P Panelists June 9, 2014 Catastrophe bond and insurance-linked securities (ILS) issuance have surged to record levels this year thanks to the continuing influx of...
Cyber Theft, Already a $445 Billion Business, to Grow Bigger June 9, 2014 By Chris Strohm Cybercrime remains a growth industry. That’s the main message from former U.S. intelligence officials, who in a report today outlined...
Ratings Recap: AXA U.S. Subs, Southern Farm, Iron Horse June 9, 2014 A.M. Best has revised the issuer credit ratings (ICR) outlook to stable from negative and affirmed the financial strength rating...
Travelers CEO: Will Insurers Outperform More Regulated Banks? June 9, 2014 By Noah Buhayar Travelers Cos. Chief Executive Officer Jay Fishman highlighted the insurer’s history of posting better returns than banks and other large...
GM Report Helps Plaintiffs’ Lawyers Build Negligence Case June 9, 2014 By Jessica Dye Plaintiffs’ lawyers scouring General Motors Co.’s report on its handling of faulty ignition switches that have been tied to 13...
Ratings Recap: Sunderland Marine, Heddington, Bosna Re June 9, 2014 A.M. Best has removed from under review with developing implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and...
S&P Panel Urges Insurers to Seek Better Returns Globally June 9, 2014 “Continuing low interest rates and soft economic growth are contributing to a tough investment climate for insurance companies, but they’re...
CTC Insurance Management Names Wood as New COO June 9, 2014 CTC Insurance Management (Bermuda) Ltd, a subsidiary of Charles Taylor plc, has announced that William Wood has joined the company...
Litmus Analysis Launches New Market Research Operation June 9, 2014 UK-based Litmus Analysis announced that Robin Dicks has joined the firm as a Partner in for its new venture “Litmus...