Reports Show Insurers Lag Behind in Adopting Technology February 17, 2015 By Carolyn Cohn At a time when the financial sector is racing to embrace digital technology to boost sales and drive profits, the...
Canada’s Fairfax to Acquire London-Based Brit for $1.88 Billion February 17, 2015 Fairfax Financial Holdings, the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit...
AIG Opens Four New Branches in Oman February 17, 2015 American International Group announced the opening of four new branches in the Sultanate of Oman. They are to be located...
ACE Appoints Stankiewicz as Head of Sales & Distribution, Nordics February 17, 2015 ACE Group has appointed Martin Stankiewicz as head of sales and distribution, Nordics, as it continues to strengthen its insurance...
Towergate Wins Creditor Support for $1.5 Billion Restructuring February 17, 2015 Towergate Finance plc said it has enough creditor support to restructure 1 billion pounds ($1.5 billion) of debt in U.K....
Global Climate Deal Blueprint Emerges From UN Gathering in Geneva February 13, 2015 By Stefan Nicola Envoys from some 190 nations are taking more seriously the idea of setting a goal for phasing out the pollution...
Ardian Agrees to Buy JLT’s Stake in Siaci St Honoré February 13, 2015 Jardine Lloyd Thompson Group plc announced that Ardian has agreed to buy JLT’s 26.2 percent stake in Milestone, the holding...
ACE Appoints Fedarb as Head of Travel Insurance for Eurasia and Africa February 13, 2015 ACE Group today announced the appointment of David Fedarb to the new role of head of travel insurance for Eurasia...
Best Sees Minimal Rating Impact from Tax Changes on Reinsurance February 13, 2015 A.M. Best has weighed into the ongoing debate over whether or not the ability of “foreign” reinsurers to avoid significant...
Berkshire Hathaway Names Sorsak to Lead Canada Property, Energy Claims February 12, 2015 Berkshire Hathaway Specialty Insurance (BHSI) announced that it has appointed Amanda Sorsak to lead its Property & Energy Claims operation...