‘Hungry’ Insurers Continued to Cut Commercial Prices in Q1: CIAB April 23, 2015 Insurance brokers report that the commercial property/casualty market continued to soften in the first quarter of 2015, with large accounts...
German Soccer Club Insured for Revenue Losses; Policy Led by Catlin, XL April 23, 2015 By Alex Duff and Sarah Jones Borussia Dortmund is using an unusual insurance policy to recover most of the income it is losing for failing to...
Judge Challenges Legality of U.S. Taking Over AIG During Bailout April 23, 2015 By Andrew Zajac The judge weighing a $25 billion investor lawsuit over the 2008 bailout of American International Group Inc. challenged U.S. arguments...
Aspen Reports Q1 After-Tax Net Income of $128M; Combined Ratio of 88.9% April 23, 2015 Bermuda-based Aspen Insurance Holdings Limited reported after tax net income of $128.0 million, or $1.87 diluted net income per share,...
Swiss Re Corporate Solutions & IBM Offer Protection Against Cyber Attacks April 23, 2015 Swiss Re Corporate Solutions joins forces with IBM Security to provide advanced cyber risk protection products and services to companies...
UPDATE: Claims, Loss Estimates from Australia Storm Climb April 23, 2015 Australia’s Insurance companies are sending assessors into storm-ravaged regions of New South Wales to accelerate the claims process. Insurance Council...
Allied World Reports Q1 Net Income of $124.4M; Operating Income of $91.7M April 23, 2015 Allied World Assurance Company Holdings, headquartered in Zug, Switzerland, reported net income of $124.4 million, or $1.27 per diluted share,...
Mississippi Home Builder Fined $59K in Worker’s Death April 23, 2015 A company faces up to $58,700 in fines after a construction worker died while working on the second story of...
Willis Makes Firm Offer for Remaining Shares of French Broker Gras Savoye April 23, 2015 Willis Group Holdings plc announced that it has made a firm offer to acquire the remaining 70 per cent that...
Willis CEO: Gras Savoye Acquisition Part of Strategy to Expand Global Reach April 23, 2015 By Sonali Basak Willis Group Holdings plc, the third-largest insurance broker, offered to buy the 70 percent of Gras Savoye that it doesn’t...