Hartford Financial Services Group Inc. promoted Christopher Swift to chief executive officer, replacing Liam McGee, who is stepping down after a medical procedure. Swift, 53, the chief financial officer who joined from American International Group Inc. in 2010, becomes CEO …
Catastrophe bond and insurance-linked securities (ILS) issuance have surged to record levels this year thanks to the continuing influx of alternative capital into the reinsurance market, leaving credit analysts and industry executives with questions about the challenges and benefits this …
Cybercrime remains a growth industry. That’s the main message from former U.S. intelligence officials, who in a report today outlined scenarios for how $445 billion a year in trade theft due to computer hackers will worsen. They warned that financial …
A.M. Best has revised the issuer credit ratings (ICR) outlook to stable from negative and affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and ICRs of “a+” of AXA Insurance Company and AXA Art Insurance Corporation, both of which …
Travelers Cos. Chief Executive Officer Jay Fishman highlighted the insurer’s history of posting better returns than banks and other large financial companies amid a period of increased Wall Street regulation. Fishman’s company had an average annual return on equity of …
Plaintiffs’ lawyers scouring General Motors Co.’s report on its handling of faulty ignition switches that have been tied to 13 deaths say they are finding details that could bolster their negligence cases. Last Thursday, GM released the results of an …
A.M. Best has removed from under review with developing implications and affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of UK-based Sunderland Marine Mutual Insurance Company Limited (SMMI) and has assigned a stable outlook …
“Continuing low interest rates and soft economic growth are contributing to a tough investment climate for insurance companies, but they’re still finding opportunities for a decent return if they’re willing to broaden their search,” according to industry executives at Standard …
CTC Insurance Management (Bermuda) Ltd, a subsidiary of Charles Taylor plc, has announced that William Wood has joined the company as Chief Operating Officer. He will oversee the delivery of management and consulting services to the company’s insurance, reinsurance, captives …
UK-based Litmus Analysis announced that Robin Dicks has joined the firm as a Partner in for its new venture “Litmus Research Associates,” which it said it has established “to provide high quality market research and analysis to the global insurance …
