Wraight, New Director of Academy of Insurance, Focuses on Learning Customers’ Needs February 15, 2017 Patrick Wraight has been named the director of the Insurance Journal Academy of Insurance, a leading property/casualty insurance learning center...
Chubb Expands Global Cyber Facility with Multiline Peril Endorsements February 15, 2017 Chubb has launched a suite of multiline cyber peril endorsements for its Global Cyber Facility to helps risk managers address...
AIG’s Losing Streak Continued in Q4 February 15, 2017 By Lisa Du and Sonali Basak American International Group Inc. posted its fourth loss in six quarters, burned again by higher-than-expected claims costs as Chief Executive...
Sapiens to Acquire Insurance Tech Firm StoneRiver for $102 Million February 15, 2017 Israel-based insurance software firm Sapiens International Corp. has agreed to acquire privately-held insurance technology firm StoneRiver Inc. for approximately $102...
Agency Organic Growth Slowed in 2016: Reagan February 15, 2017 Organic revenue growth among insurance agencies and brokerage firms fell in 2016 to 4.2 percent– its lowest annual rate since...
Lloyd’s Sees Political Risk Insurance Opportunity in Trump, Brexit February 15, 2017 By Jonathan Levin Lloyd’s of London Chief Executive Officer Inga Beale said Donald Trump’s presidency and the U.K.’s planned exit from the European...
Federal Reserve Chair Yellen Defends Role in International Regulation February 15, 2017 By Jonathan Spicer Federal Reserve Chair Janet Yellen, in response to a warning from a U.S. congressman to halt global regulatory talks in...
Ex-CFO of Bankrupt Enron Offers D&O Lessons from Accounting’s ‘Gray’ Areas February 15, 2017 By Elizabeth Blosfield Andrew Fastow, former chief financial officer (CFO) of Enron Corp., a now-defunct energy trading company swept up in a massive...
Aetna, Humana Officially End Merger Deal; Won’t Appeal Court Ruling February 14, 2017 Health insurers Aetna Inc. and Humana Inc. walked away from their $34 billion merger deal on Tuesday, after a U.S....
Greenberg Fights New York AG’s Spin on Reinsurance Saga February 14, 2017 By Chris Dolmetsch Almost a dozen years ago, then-New York Attorney General Eliot Spitzer filed a fraud lawsuit against former American Insurance Group...