Report: Trump Administration Orders Removal of Climate Page from EPA’s Website January 25, 2017 By Valerie Volcovici U.S. President Donald Trump’s administration has instructed the Environmental Protection Agency to remove the climate change page from its website,...
Zurich North America Names Leaders of Realigned Commercial Divisions January 25, 2017 Zurich North America has announced the name of its new North America Commercial Insurance unit and leadership team. This new...
31 Houses Damaged or Destroyed by Tornadoes in Louisiana January 25, 2017 Authorities say tornadoes destroyed or damaged 31 houses and RVs in Louisiana last weekend: 29 in the northwest near Plain...
Intesa’s Interest in Generali Merger Has ‘No Obvious Logic’: Opinion January 25, 2017 By Chris Hughes Intesa Sanpaolo SpA’s interest in combining with insurer Assicurazioni Generali SpA has no obvious logic to it. If the lender...
Cat Bond Issuance in 2017 Could Approach Record Levels: Aon Report January 25, 2017 Total catastrophe bond issuance for calendar year 2016 reached US$5.8 billion – a decrease from US$6.9 billion in 2015 –...
AIG Reinsurance Deal May Spell Short-Term Loss, Long-Term Gain for Berkshire January 25, 2017 By Lisa Du and Sonali Basak Berkshire Hathaway Inc.’s record risk-transfer agreement with American International Group Inc. is so big that Warren Buffett’s company risks posting...
P/C Insurers Fell to $1.7 Billion Underwriting Loss in First 9 Months of 2016 January 25, 2017 For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015,...
California-Based Sierra Nevada Issues 36-State Recall of Select Beers January 25, 2017 California-based Sierra Nevada Brewing Co. announced a recall on Jan. 22 of certain 12-ounce bottles of its pale ales, IPA’s...
Chubb Taps Allied World’s Müller as Property & Technical Lines Director, Europe January 25, 2017 Chubb has appointed Alf Müller to the role of Property and Technical Lines director for Continental Europe, as it continues...
Canada Pension Fund to Commit $1B to Fairfax’s Deal with Allied: Sources January 25, 2017 By Katia Dmitrieva and Scott Deveau Prem Watsa’s Fairfax Financial Holdings Ltd. is close to announcing a deal that would see one of Canada’s largest pension...