XL CEO: ‘Reinsurance Sector Littered With Roadkill’, Playing High Stakes Game April 28, 2015 By Sonali Basak XL Group plc Chief Executive Officer Mike McGavick said that while he shuns casinos unless he’s with his mother-in-law, he’s...
Nepal Earthquake Losses Could Top $2 Billion; Sparse Insurance Coverage April 27, 2015 By Sonali Basak The earthquake that struck Nepal caused about $2 billion in economic losses in the country, and only a fraction of...
Brand Damage, Financial Head Aon’s Survey of Top 10 Global Risks April 27, 2015 Aon Risk Solutions, the global risk management business of Aon plc, has unveiled the key risks as identified by its...
Insurers May Face Stock Sell-Off as Bond Yields Drop to Record Lows April 27, 2015 By Oliver Suess Allianz SE, Europe’s biggest insurer, was cut to underperform by Jefferies Group as the investment bank warned insurance stocks may...
Guy Carpenter Unveils New Digital Strategy and Electronic Platform April 27, 2015 Guy Carpenter & Company announced a new digital strategy, unveiling an innovative platform – GC Exchange℠ and its suite of...
Berkshire Hathaway Specialty Expands Into Australia; Colahan Leads Region April 27, 2015 Berkshire Hathaway Specialty Insurance Company (BHSI) announced it has received its insurance license to provide all lines of general business...
Deadly Quake in Nepal; Aftershocks, Weather Hamper Rescue: AIR Analysis April 27, 2015 As scenes of devastation flashed around the world, the destruction and loss of life from the most severe earthquake to...
AIA Reports 20% Hike in New Business During 1st Quarter April 24, 2015 By Bei Hu AIA Group Ltd., the third-largest Asia-based insurer by market value, said the value of new business climbed 20 percent in...
Allied World Global Markets Appoints Geyman, AVP, Onshore Construction April 24, 2015 Allied World Global Markets has appointed Toby Geyman, assistant vice president, Onshore Construction, to further develop the product line. Geyman...
Hedge Fund-Backed Bermuda Ventures Could Be at Risk From IRS April 24, 2015 By Richard Rubin, Sonali Basak and Zachary R. Mider Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from...