MMC CEO Glaser Surveys Competitive Landscape in Wake of Consolidation July 29, 2015 By Andrew G. Simpson Recent merger deals in the insurance industry among its competitors and carrier partners should not hurt Marsh & McLennan (MMC)...
Regulators Want More Details on Insurers’ Living Wills for Bankruptcy July 29, 2015 By Ian Katz and Jesse Hamilton Three major non-bank financial firms need to provide more detail on how they could be unwound in bankruptcy after a...
Court Upholds Dismissal of Apartheid Claims Against Ford, IBM July 29, 2015 By Jonathan Stempel Victims of apartheid in South Africa cannot pursue lawsuits seeking to hold Ford Motor Co. and IBM Corp. liable for...
How Old Is Average Vehicle on U.S. Roads? July 29, 2015 By Patrick Ralph The average age of cars and light trucks on U.S. roads rose slightly to 11.5 years at the start of...
Zurich Insurance Confirms Offer for RSA – if Made – Would Be in Cash July 29, 2015 By Jeffrey Vögeli Zurich Insurance Group AG said any offer for RSA Insurance Group would be in cash. Wednesday’s statement from Zurich means...
RenRe Reports Q2 Net Income of $73.2M, Operating Income of $99.9M July 29, 2015 RenaissanceRe Holdings Ltd. reported net income available to common shareholders of $73.2 million, or $1.59 per diluted common share, in...
Senate Republicans Plan Another Vote to Repeal Obamacare July 29, 2015 By Sahil Kapur Senate Majority Leader Mitch McConnell championed a renewed push to bypass a filibuster and repeal Obamacare with 51 votes on...
SCOR 2nd Quarter Net Income Rises 26% to $168 Million July 29, 2015 By Fabio Benedetti-Valentini SCOR SE, France’s largest reinsurer, said second-quarter profit rose 26 percent as the stronger dollar helped push up premium growth....
Crawford & Co. UK Launches ‘Customer First’ Initiative July 29, 2015 Crawford & Company® UK has announced its first initiative since the acquisition of GAB Robins. Its “Customer First” initiative combines...
QBE Names Fagen as Group Chief Strategy Officer; Plant Is Promoted July 29, 2015 Sydney, Australia-headquartered QBE has appointed Colin Fagen as group chief strategy officer, in a new role “designed to create a...