10 Business Insurance Lessons and 1 Owner’s Advice from Katrina August 5, 2015 By Denise Johnson Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses...
Private Equity Firm Odyssey Buys Broker Integro August 5, 2015 New York and Los Angeles private equity firm Odyssey Investment Partners, LLC has agreed to acquire Integro Ltd., a specialty...
AIG Focuses on Integrating Japan Businesses, Rather Than Additional M&As August 5, 2015 By Sonali Basak American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating...
Argo Reports 2015 Q2 Net Income of $27.9M, Compared to $38.6M in 2014 August 5, 2015 Argo Group International Holdings Ltd. reports net income of $27.9 million or $0.98 per diluted share, compared to $38.6 million...
Best Downgrades PartnerRe and Subs Ratings; Remains under Review August 5, 2015 A.M. Best announced that it has downgraded the financial strength rating (FSR) to ‘A’ (Excellent) from ‘A+’ (Superior) and the...
U.S. Appeals Court Rejects Ecuador Challenge to $96 Million Chevron Award August 5, 2015 By Joseph Ax A U.S. appeals court on Tuesday rejected Ecuador’s challenge to a $96 million international arbitration award in favor of energy...
UK Broker Market ‘Stagnant;’ M&A, but No Real Growth: Finaccord Study August 5, 2015 Two new research studies issued by market research firm Finaccord put a value of £4.64 billion [$7.234 billion] on the...
Super Typhoon Soudelor Threatens China & Taiwan: AccuWeather Report August 5, 2015 AccuWeather has reported that Typhoon Soudelor “rapidly intensified on Monday, becoming a super typhoon and reaching the equivalent of a...
Willis Appoints Norris Managing Partner in Alabama August 5, 2015 Willis North America has appointed Ben Norris as managing partner, Willis of Alabama, effective immediately. In this role, he will...
Hannover Re Q2 Profit Rises 19% on P&C Earnings August 5, 2015 By Shane Strowmatt Hannover Re, the world’s third-largest reinsurer, said second-quarter profit rose 19 percent, as lower catastrophe claims helped a surge in...