In a brief announcement French reinsurer SCOR acknowledged that it has been “informed of the signing of a purchase agreement by Sompo Japan Nipponkoa Holdings, Inc.” The Japanese insurer is acquiring the “entire holding of Patinex AG in SCOR (i.e. …
Some of New York City’s most dangerous streets are about to get safer as part of a $250 million project that will target roadways in the outer boroughs where dozens of pedestrians have been killed or injured in recent years. …
Liberty Mutual Holding Co. finished out 2014 with gains in net written premium, net income and an improved combined ratio. But catastrophe losses jumped substantially due to costs from a number of severe storms. David Long, the company’s chairman and …
The Travelers Companies, Inc. announced that Matthew Wilson has been appointed Chief Executive Officer of Travelers Europe, subject to regulatory approval. He has served as Chief Operating Officer of Travelers Europe since 2012. Kevin Smith, President of Travelers International, described …
The aviation industry is behind the curve in terms of its response and readiness to the insidious threat posed by cyber criminality whether from criminals, terrorists, nation states or hackers, according to Peter Armstrong, head of Cyber Strategy for Willis …
The crew of a truck carrying a load of gold bars had just pulled off the interstate in North Carolina when, the two men told police, a seemingly ordinary episode of carsickness turned into a multimillion-dollar heist. Three days later, …
Tennessee may soon have its own answer to an alternative workers’ compensation insurance option through new legislation by Republican lawmakers known as the Tennessee Employee Injury Benefit Alternative. Tennessee State Senator Mark Green and State Representative Jeremy Durham introduced Senate …
ACE Group has appointed Tim Scott-Young as claims director for its Continental Europe region. Relocating to Paris, Scott-Young will be responsible for delivering effective and customer-focused claims management across ACE’s 17 country operations in Continental Europe, including its Central and …
The European Central Bank’s bond-buying plan may not help the region’s economic recovery while it makes the investment decisions harder for insurers and reinsurers, SCOR SE Chief Executive Officer Denis Kessler said. “It’s too late, it has been badly tailored, …
Sompo Japan Nipponkoa Holdings Inc. will buy a 15 percent stake in French reinsurer SCOR SE in potentially its biggest investment abroad amid diminishing opportunities for growth at home. The insurer will initially buy 7.8 percent from Swiss fund Patinex …
