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Chartis, the property and casualty unit of American International Group Inc. (AIG), says it has reorganized the structure of its management team, with Peter D. Hancock replacing Kristian P. Moor as chief executive officer.
A top executive of Berkshire Hathaway who was believed to be on the inside track to one day succeed billionaire Warren Buffett as CEO has resigned suddenly.
The Federal Reserve Board says it has rejected American International Group’s offer to buy back a package of securities it had sold the Fed when it needed cash in November 2008.
The New York State legislature appears to be on the verge of passing legislation to address the state’s group self insured trust workers’ compensation system, which has amassed about $800 million in unfunded liabilities, sources tell NU Online News Service.
Flagstone Reinsurance Holdings puts its losses related to the Tohoku earthquake in Japan in the range of $80 million to $130 million net of reinstatement premiums and retrocession.
Risk Management Solutions released a new hurricane model at the end of February. Chief Research Officer Robert Muir-Wood writes in to offer a closer look at the model and the science behind it:
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