TigerRisk Partners has hired insurance-industry veteran Steven Bensinger, who oversaw American International Group Inc.’s finances during the early part of the global credit crisis, to advise clients. Bensinger, joining as a wave of consolidation reshapes insurers, will provide advice to …
Travelers Cos., the lone property/casualty insurer in the Dow Jones Industrial Average, said third-quarter profit advanced 1 percent as sales growth accelerated, and improved underwriting margins helped cushion lower investment income. Net income climbed to $928 million from $919 million …
Hanover Insurance Group Inc. Chief Financial Officer David Greenfield has died, leading Fred Eppinger, the insurer’s leader for more than a decade, to take on a dual role ahead of his planned departure. Greenfield, 53, died over the weekend after …
Verisk Analytics Inc., the provider of data to insurers and banks, was named to join the Standard & Poor’s 500 Index after the company’s market value passed $12 billion on a share rally and expansion through acquisitions. Verisk will replace …
Hamilton Insurance Group Ltd., the company backed by hedge fund firm Two Sigma, is seeking more takeovers as CEO Brian Duperreault builds a business that he expects to take public. “We’re always looking. My job is to continually look for …
Jay Fishman, who built New York-based Travelers Cos. into one of the world’s biggest insurers, lamented that disparities in tax rates are pushing established rivals and industry newcomers outside the U.S. Over the past 15 years or so, “we’ve counted …
PartnerRe Ltd., the reinsurer that agreed to a takeover by Italy’s EXOR SpA in August, said the period to contact other potential bidders has ended with no other offers. “None of the third parties contacted during this process provided a …
Executives at Dan Loeb’s reinsurer, which is headed for its second-straight annual decline in New York trading, told investors not to count on a quick rebound in the industry as competition intensifies. “It’s tough out there,” Robert Bredahl, Third Point …
American International Group Inc. and Axis Capital Holdings Ltd. are among insurers for the company that owns AshleyMadison.com, the adultery website hacked in a breach that exposed more than 37 million users, people familiar with the policies said. AIG provided …
