AIG Restructures Again; Commercial Lines CEO Schimek to Leave September 25, 2017 American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled...
Note to Texas, Florida: Insurance Fights Over Sandy Rage On September 25, 2017 By David B. Caruso and Jennifer Peltz The destructive floodwaters of Superstorm Sandy receded quickly, but some storm victims are still neck-deep in a battle over insurance...
S&P Assigns Odyssey Re Europe with ‘A-‘ Rating, Stable Outlook September 25, 2017 S&P Global Ratings has assigned its ‘A-‘ long-term financial strength rating to Odyssey Re Europe S.A. (ORESA), with a stable...
Two Workers Die in Separate New York Building Construction Site Falls September 25, 2017 Two construction workers, one of them a father of five children, fell to their deaths at separate building sites on...
Woman Dies in New Jersey After Getting Caught in Jose-Spawned Rip Current September 25, 2017 Authorities say a New York woman who was pulled unconscious from rough waters at a New Jersey shore beach this...
Lloyd’s Broker AFL Creates Energy Practice Led by Quick & Pearce from Tysers September 25, 2017 AFL Insurance Brokers Ltd. (AFL) has created an energy practice headed by London market broking professionals Dominic Quick and Simon...
Japan Post’s Stock Sale Raises $11B, but Demand Is Subdued September 25, 2017 By Taiga Uranaka A government sale of Japan Post Holdings Co. stock raised $11 billion in the world’s second-biggest share sale this year,...
Bank of England Seeks Brexit Deal to Cover Derivative, Insurance Contracts September 25, 2017 By Jill Ward and Silla Brush The Bank of England said an agreement is needed as part of the Brexit process to protect the “long-term validity”...
Blue River Underwriters Launches Free Online Fire Sprinkler Contractor Safety Portal September 25, 2017 By Newswire Atlanta, GA, September 25, 2017 — The Blue River Underwriters’ Fire Sprinkler Elite program launched a free online safety portal...
Oversight Panel Makes No Changes in Systemic Risk Tags on Insurers September 25, 2017 By Pete Schroeder A panel of U.S. regulators decided after meeting on Friday to stick with its existing policy for stricter rules on...