Zurich Insurance said on Monday its finance chief Pierre Wauthier was not subjected to "undue pressure" before he committed suicide and its chairman admitted he was unable to explain the motivation for his tragic decision.
U.S. judge on Tuesday approved a $72 million settlement to resolve shareholder claims that Berkshire Hathaway Inc's General Re Corp engaged in a sham deal that helped inflate AIG's reserves.
A federal judge on Wednesday approved a $115 million settlement between AIG shareholders and former CEO Maurice "Hank" Greenberg and other defendants over alleged improper accounting at the insurance giant.
A federal judge on Wednesday approved a $115 million settlement between AIG shareholders and former CEO Maurice "Hank" Greenberg and other defendants over alleged improper accounting at the insurance giant.
A significant majority of insurance-carrier CEOs are upbeat about the prospects of revenue growth over the next few years, mirroring the views of financial-services executives in general, according to a recent survey.
Among the common themes that arose in PC360-NUs interviews with C-suite leaders from AIG, Travelers, and Zurich: Growth will be a major challenge, but opportunities for expansion exist in Latin America, Specialty lines and Cyber.