News
Insurance
American International Group’s (AIG) US casualty business resulted in a $3 billion loss in the fourth quarter of 2016 and in the resignation of CEO Peter Hancock. 9 March 2017
Insurance
The levels of severe weather that has hit the US Midwest so far this year are more than double their respective 2005-2015 averages, according to the records of the National Oceanic and Atmospheric Administration’s (NOAA) Storm Prediction Center. 9 March 2017
Insurance
The American Insurance Association (AIA) has re-elected Christopher Swift as the chairman of its board of directors for the second term. He was first appointed as the chairman in 2016. 9 March 2017
Insurance
Insurers have welcomed the investments included in Chancellor Philip Hammond’s Spring Budget announced today,March 8, 2017, but the Insurance Premium Tax remains an issue for the industry. 8 March 2017
Insurance
Insurer MetLife has initiated the regulatory procedure for the planned separation of Brighthouse Financial, which is currently an operating segment of MetLife. 8 March 2017
Insurance
Motor re/insurers face a material one-off reserving hit due to the UK’s Ogden personal injury discount rate cut, hurting profitability, but ratings will remain unaffected, Moody's said. 7 March 2017
Insurance
The insurance industry worries that further levies could be included in the UK government 2017 Spring Budget to be published on March 8. 7 March 2017
Insurance
Aon Risk Solutions (ARS), the global risk management business of Aon, has appointed Julie Page as the chief executive officer (CEO) in the UK with effect from April 1. 7 March 2017
Insurance
Bermuda-based OneBeacon Insurance Group has appointed Manning Rountree as class III director, succeeding Ray Barrette who has retired from the company and its parent White Mountains. 7 March 2017
Insurance
Fairfax Financial Holdings and Allied World Assurance Company Holdings have agreed to extend the deadline by which Fairfax has the option to increase the cash consideration, and correspondingly reduce the Fixed Value Stock Consideration, under the terms of the previously announced definitive merger agreement, to March 10, 2017. 6 March 2017
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