McRaith: FIO Working to Coordinate International Regulatory Developments: Federal Insurance Office Director Michael McRaith testified before a U.S. House of Representatives subcommittee, telling lawmakers he is working to ensure U.S. ...
Date: May 18, 2012
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Securities Lawyers: Dewey & LeBoeuf's $125 Million Bond Sale Could Spark Insurer Litigation: Dewey & LeBoeuf, a law firm known for representing some of the country's largest insurance companies, might face lawsuits stemming from the firm's 2010 sale of ...
Date: May 16, 2012
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First-Quarter Premiums Fall as Omega Continues Bermuda Pullback Ahead of Acquisition Vote: With $19.4 million of third-party Bermuda business nonrenewed in the first quarter this year, Omega Insurance Holdings Ltd. reported a 6.8% fall in total gross ...
Date: May 16, 2012
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Juniperus Capital CEO: Underwriting-Focused Company Aims for Growth in Collateralized Reinsurance Market: Chris McKeown, the new chief executive officer of Juniperus Capital Holdings Ltd., said his company is gunning for growth in the alternative reinsurance ...
Date: May 16, 2012
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South Korea Direct Motor Writers Grapple With Competitive Market: Poor operating performances continue to hamper direct motor insurers in South Korea as they compete with major nonlife companies.
These ...
Date: May 15, 2012
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Ex-AIG Execs Greenberg, Smith File Fresh Appeal Tied to 2005 Spitzer Case: Former American International Group Inc. Chief Executive Officer Maurice "Hank" Greenberg and former Chief Financial Officer Howard I. Smith are seeking to ...
Date: May 15, 2012
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Juniperus Hires Former Guy Carpenter Exec, Plans to Rebrand as Pillar Capital Management: Juniperus Capital Holdings Ltd. said it's named Chris McKeown as chief executive officer.
McKeown has more than 25 years of experience in the ...
Date: May 14, 2012
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Swiss Re Taps Former Cooper Gay Exec to Head Latin American Reinsurance Unit: Swiss Re said it has hired Alejandro Padilla, a former Cooper Gay executive, to lead its Latin America drive.
Padilla will join Swiss Re on June 1 as ...
Date: May 14, 2012
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Anticipating Market Shift, Scor Deploys 'Re-risking' Investment Strategy: Scor SE was one of several major European reinsurers to report first-quarter results recently, and like others, Scor made sure to discuss its investment ...
Date: May 14, 2012
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BMS Intermediaries See 'Uncertainty' in MPL Market: Mike Hollenbach, executive vice president of BMS Intermediaries Inc., said it would "be an understatement" to say medical professional liability insurance is ...
Date: May 11, 2012
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XL Group Exec: Size, Prospects Make Rates More Competitive in Brazil: When Gino Smith assesses the Latin American reinsurance market, he sees downward rate pressure and increased competition. But XL Group's newly appointed chief ...
Date: May 11, 2012
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Guy Carpenter Names New US Chief Executive and Operating Officer: Global reinsurance broker Guy Carpenter has tapped two men to lead the company's U.S. operations as chief executive officer and chief operating officer, the ...
Date: May 10, 2012
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Alterra: New Sidecar Coming Later This Year: Alterra Capital Holdings Ltd. is looking to launch its next sidecar later this year, W. Marston (Marty) Becker, president and chief executive officer, ...
Date: May 10, 2012
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Mapfre Sees Strong Latin American Growth, but Spanish Economy Hurts 1Q Profit: Spain's Mapfre SA said its first-quarter profit fell 12.5% as economic conditions hit business in its home market, but the group reported strong growth in its ...
Date: May 9, 2012
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XL CEO: Property/Casualty Rates Improving, Still Have Long Way to Go: Property/casualty rates continued to improve in the first quarter, said Mike McGavick, chief executive officer for XL Group plc.
"Pricing improved in ...
Date: May 9, 2012
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Swiss Re Secures $400 Million Cat Bond for US, Euro Windstorm: Swiss Re Ltd. has secured $400 million in natural catastrophe coverage through a new catastrophe bond program.
The new program, Mythen Ltd., provides ...
Date: May 9, 2012
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NY Appellate Court Clears Way for Ex-AIG Execs Greenberg, Smith to Go to Trial: A New York appeals court has backed a lower court decision, clearing the way for former American International Group Inc. Chief Executive Officer Maurice ...
Date: May 9, 2012
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Politics, Economy Complicate Insurance Market Reform in Japan: Uncertain politics and a sluggish economy in Japan are hampering the efforts of the country's major life and nonlife insurers to further consolidate in a ...
Date: May 8, 2012
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Munich Re Cites 'Back-to-Normal' Market as It Turns a Profit: Munich Re cited big investment gains and a improvements in catastrophe loss results from a year ago as it posted a strong first-quarter profit.
Net ...
Date: May 8, 2012
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China Seeks to Revitalize Life Insurance Sector Through Pension Reform: China's sluggish life insurance market is expected to regain momentum as the government has proposed a tax-deferred pension scheme for Shanghai as a pilot ...
Date: May 8, 2012
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