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While insurance for merger and acquisition risks is commonplace in the industrialized nations, Asia is just beginning to understand the value of risk transfer for these financial transactions.
ALEXANDRIA, VA.--A diversified underwriting portfolio might seem like a good strategy for riding out property and casualty insurance cycles, but carriers ranking among the best cycle managers have the least diversified books of business.
The private equity firm Aquiline Capital Partners LLC, headed by former Marsh & McLennan Companies Chief Executive Jeffrey Greenberg, has invested in TigerRisk Partners LLC.
The chairman of the Commodities Futures Trading Commission today cited American International Group as the poster child for the need for strong regulation of the over-the-counter derivatives market.
The Association of Insurance and Reinsurance Run-Off Companies has launched an arbitration procedure designed to expedite small and "less-complicated" claims between insurers and reinsurers.
American International Group President and CEO Robert Benmosche will receive an annual salary that could reach up to $10.5 million, according to a proposal submitted by AIG and approved by TARP's Kenneth Feinberg.
Overall satisfaction with homeowners insurance increased significantly for the first time in five years, driven by favorable customer perceptions of the value of their policies, according to a J.D. Power and Associates survey.
The Hartford Financial Services Group Inc.'s new chief executive could get as much as $8.2 million in compensation, slightly less than its former longtime CEO, who resigned from the posts last week.
A.M. Best Co. has withdrawn its "A-minus" financial strength rating (FSR) and "a-minus" issuer credit rating (ICR) for White Mountains Re Bermuda Ltd.
Property and casualty insurance rates continued to moderate through September with composite rates moving from minus 5 percent in August to minus 4 percent last month, according to MarketScout.
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