Tesla CEO Musk Defends Reporting Autopilot Fatality 9 Days After Accident July 6, 2016 By Alexandria Sage and Paul Lienert Tesla Motors alerted regulators to a fatality in one of its electric cars in partial self-driving Autopilot mode nine days...
AIG Appoints JPMorgan’s Lewis as Chief Digital Officer July 6, 2016 American International Group hopes an executive who helped bring Apple Pay and a number of mobile banking apps to JPMorgan...
Excess & Surplus Lines Insurer Kinsale Files for IPO July 6, 2016 By Katherine Chiglinsky Kinsale Capital Group Inc., the Richmond, Virginia-based insurer backed by Moelis & Co., filed for an initial public offering of...
Gen Re Seeks to Add Brokerage Business Through Hookup with TransRe July 6, 2016 By Katherine Chiglinsky General Re, the unit of Warren Buffett’s Berkshire Hathaway Inc. that appointed a new chief executive officer in May, struck...
Nexus Acquires Beacon, Hong Kong-Based Marine MGA July 6, 2016 Nexus Underwriting Management Ltd. has acquired 100 percent of the shareholding in Hong Kong-domiciled Beacon Underwriters Ltd., a marine managing...
Arthur J. Gallagher Buys Brim, Expanding Scandinavia Specialty Footprint July 6, 2016 Arthur J. Gallagher has extended its investment in Scandinavia by acquiring an 85 percent stake in Swedish specialist insurance and...
Market Softening Slows but Rate Stabilization Is Elusive: Willis Re July 6, 2016 The June/July 2016 renewal season has seen a continuation in market softening, though the magnitude of rate reductions is slowing,...
AIG’s Zigerlig Joins Hub Northeast’s Fine Arts Division in New York July 6, 2016 By Andrew G. Simpson Katja Zigerlig has joined Hub Northeast as senior vice president, Fine Arts and Special Risks Group, responsible for developing business...
Ironshore International Names Eickstädt as Head of Direct & Facultative Property July 6, 2016 Ironshore International has named Dr. Jörg Eickstädt as head of Direct and Facultative Property, effective immediately. He will be responsible...
AXIS Capital’s New Bermuda Operation, Harrington Re, Raises $600M July 6, 2016 Harrington Re, a fledgling Bermuda operation sponsored by AXIS Capital Holdings Ltd., has raised $600 million in capital designed to...