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The wildfires ravaging Northern California may be the costliest for the insurance industry in more than two decades by the time the blazes are controlled.
Insurers that have been supporting portfolios with credit risk to counter low interest rates should consider diversifying with alternatives such as private equity, asset manager...
News from W. R. Berkley, AIG, Riskconnect, All Risks and more.
American International Group Inc. more than doubled its dividend and increased its share buyback by $5 billion after asset sales helped build up cash, even...
News from Alliant Insurance, Universal Insurance, W. R. Berkley and more.
American International Group Inc. Chief Executive Officer Peter Hancock hired former colleague Doug Dachille to oversee the insurer’s investment portfolio of more than $350 billion,...
A shutdown of the New York Stock Exchange on the same day that a network failure halted all United Airlines flights in the U.S. had...
News from AIG, Leavitt Group, Erie Indemnity and more.
Evan Greenberg just took dealmaking to the next level.
Fifteen years after defecting from the insurance giant that was put together by his father, the legendary Maurice “Hank” Greenberg, the son is assembling a...
Chubb CEO John Finnegan could walk away with at least $92.7 million if he’s terminated after Ace acquires the company.
Second major M&A deal this week will see the combined company assume the Chubb name.
Overall, the outlook for P&C insurers is positive, according to attendees at S&P's 2015 Insurance Conference, but is the reward worth the risk?
AIG is seeking a CIO to oversee a portfolio valued at more than $350 billion.
Despite a victory over the federal government Monday in a six-year fight over the bailout of AIG, Starr International Co. will appeal the verdict.
AIG., which opted against joining Maurice “Hank” Greenberg in a suit against the U.S., became a victor in the case after a judge ruled that...
The U.S. set illegal terms in demanding AIG stock for an $85B bailout during the financial crisis, but that doesn’t mean AIG investors deserve...
A look at some of the legal decisions impacting insurance across the country
U.S. workers’ compensation insurers posted their first underwriting profit since 2006, helping the industry counter lower yields on bond portfolios.
Problems experienced by internet users across the Eastern U.S. appear to have eased, with most sites back online after web-hosting services were invaded by hackers.
Barriers to online access can create liability risks under the Americans with Disabilities Act. Insurance pros should add 'website accessibility' to their risk checklists.