A.M. Best: Germanwings Crash May Put More Pressure on Aviation War Sector March 31, 2015 A.M. Best said the total insurance loss of Germanwings Flight 4U9525, which crashed in the French Alps on March 24,...
Insurers Face Earnings Growth Challenges in Varying Global Economy: S&P March 31, 2015 When it comes to finding earnings growth in 2015, the challenge facing the global insurance industry will be uneven economic...
Bank of Ireland Shares Fall 6%, as Fairfax Financial Sells Stake March 31, 2015 By Graham Fahy and Conor Humphries Canada’s Fairfax Financial Holdings has sold half of its 5.8 percent stake in Bank of Ireland for more than triple...
Aon Benfield Aggregate Study Confirms Reinsurer Capital Builds to $575 Bn March 31, 2015 In the latest edition of its Aon Benfield Aggregate (ABA) report, which analyses the financial results of 31 major reinsurers...
ACE Creates International Excess Unit in Asia Pacific; Appoints Sexton March 31, 2015 ACE Group has created a new business unit – ACE International Excess (AIE)– to provide commercial property insurance on an...
Allianz Estimates $300 Million in Claims for Germanwings Crash, Sources Say March 31, 2015 Germany’s Allianz has estimated insurers will pay $300 million in claims and costs stemming from the crash of a Germanwings...
AIG CEO Hancock Aims to Sell Off More Assets March 31, 2015 By Sonali Basak American International Group Inc. Chief Executive Officer Peter Hancock, who took over the top job in September, said he plans...
Florida Foreclosure Rate Declines 35 Percent, Still Among Highest in Nation March 31, 2015 Florida’s foreclosure activity has declined by more than a third from a year ago, but it still ranks as one...
Atlanta Mayor Requests Dismissal of Former Fire Chief’s Lawsuit March 31, 2015 The city of Atlanta and Mayor Kasim Reed are asking a federal judge to dismiss a lawsuit filed by the...
Lockheed to Settle Georgia Aircraft Plant Billing Dispute with Government for $2M March 31, 2015 Federal prosecutors in Atlanta say Lockheed Martin Corp. has agreed to pay $2 million to settle allegations it overbilled the...