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Chartis has fortified its C-suite with the newly created role of chief science officer: Murli Buluswar has been tasked with assembling a team of thought leaders who together will identify global trends that will shape the insurance market over the next decade.

The head of American International Groups commercial-insurance division says the bailed-out insurers reputation is not an issueand, in fact, competitors may have erred by not working harder to take AIGs insurance business when it was on the verge of collapse.

The head of American International Groups commercial-insurance division says the bailed-out insurers reputation is not an issue, and, in fact, competitors may have erred by not working harder to take AIGs insurance business when it was on the verge of collapse.

Nationwide Merges with Harleysville Mutual, Tower Group Invests $75 Million in Bermuda, and InVEST Raises $65,000 in Scholarship Funds

Nationwide Merges with Harleysville Mutual, Tower Group Invests $75 Million in Bermuda, and InVEST Raises $65,000 in Scholarship Funds

Driven by profits in all core business unitsespecially its property and casualty insurance unitAmerican International Group Inc.s first-quarter net income climbed more than 147 percent.

Driven by profits in all core business unitsespecially its property and casualty insurance unitAmerican International Group Inc.s first-quarter net income climbed more than 147 percent.

Kidnap, Ransom and Extortion insurance coverage is much more than the name implies. The coverage has become broadone shaped by competition and a growing need as we become a more globalized, high-tech society within many areas of political or economic strife.