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Marsh & McLennan CEO named FACI chair

North America05-08-2014Insurance news

Marsh & McLennan Companies president and chief executive officer Dan Glaser has been named chairman of the Federal Advisory Committee on Insurance (FACI).

XL boosts board with former Citigroup CFO

North America05-08-2014Insurance news

XL Group has appointed Edward Kelly to its board of directors.

RGA appoints chief risk officer

North America05-08-2014Reinsurance News

Reinsurance Group of America has appointed Todd Larson to the position of chief risk officer.

AIG profits climb as it focuses on core units

North America05-08-2014Insurance news

American International Group (AIG) posted a solid set of results in the second quarter of 2014 – the last set of results it will deliver with Robert Benmosche as chief executive – as it continued to focus its efforts on its core business.

Twelve Capital issues unique cat bond

Europe, North America05-08-2014Alternative Risk Transfer News

Twelve Capital, the Zurich-based independent investment manager, has issued another cat bond using a unique structure whereby three different events must occur before it is triggered.

Novae boosts profits despite tough conditions

Europe05-08-2014Insurance news

Novae Group posted a substantially improved net profit in the first six months of 2014 despite warning on several headwinds including a challenging rating environment, low interest rates and a strong sterling.

Changes at Endurance boost profits

North America05-08-2014Insurance news

Endurance Specialty posted strong growth in the second quarter of 2014 as it benefited from cost savings in the business and a shift in the composition of its portfolio in both insurance and reinsurance.

Endurance spent $13.7m on failed Aspen bid

Bermuda, North America05-08-2014Insurance news

Endurance spent some $13.7 million in the first half of 2014 on its failed attempt to acquire Aspen Insurance, the company has revealed in its second quarter results.

Argo posts solid results; CEO warns on competition

Bermuda05-08-2014Insurance news, Reinsurance News

Argo Group posted a solid set of results for the second quarter of 2014 but its chief executive officer warned on what is an increasingly competitive environment.

Record Q2 profits at Berkshire Hathaway

North America04-08-2014Insurance news, Reinsurance News

Berkshire Hathaway has posted record profits for the second quarter tied to a jump in investment gains.

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