Ex-CEO for AIG Unit Tells UK Court Politics Not Why Bonuses Were Cut May 4, 2018 By Hannah George and Jonathan Browning An ex-chief executive officer of AIG’s Financial Products unit repeatedly told a U.K court that political and media pressure didn’t...
Talks Not Exclusive to SoftBank, Says Swiss Re CEO May 4, 2018 Swiss Re said it was still in discussions with SoftBank on Friday about the Japanese group potentially taking a stake...
China Growth Helps Raise AIA Q1 New Business Value May 4, 2018 By Bei Hu AIA Group Ltd., the second-largest Asia-Pacific insurer by market value, said its value of new business rose 26 percent in...
Chubb Adds North Territory to Scotland Regional Manager Macfarlane’s Responsibilities May 4, 2018 Chubb has promoted Andy Macfarlane to the newly-created position of regional manager, Scotland and the North. Macfarlane, who was previously...
Willis Towers Watson Moves ILS from Securities to Reinsurance Unit May 4, 2018 Willis Towers Watson is making changes to its insurance linked securities (ILS) business. The ILS business, which was previously part...
AXA Wasn’t the Only Party Interested in Acquiring XL May 4, 2018 According to details revealed in a public filing earlier this week, two parties approached XL Group for potential tie-ups before...
North P&I Club Adds Richards to Cargo Claims Team May 3, 2018 North P&I Club has further strengthened its specialist cargo claims team with the appointment of David Richards as deputy director,...
European Central Bank Test Simulates Cyber Attacks on Financial Firms May 3, 2018 The European Central Bank has designed a new test simulating cyber attacks on banks, stock exchanges and other firms that...
Former AIG Financial Product Staffers Seek Bonuses They Say They Were Promised May 3, 2018 By Hannah George A former marketing director at Banque AIG told a London court that he was repeatedly assured he’d receive his bonuses,...
QBE Invests in HyperScience Artificial Intelligence for Office Work May 3, 2018 QBE Insurance Group Limited (QBE) through its QBE Ventures, has closed an investment into HyperScience, a machine learning company focused...