Insurance brokers report that the commercial property/casualty market continued to soften in the first quarter of 2015, with large accounts seeing the biggest price declines. On average, small, medium and large accounts fell 2.3 percent, compared with a decline of …
Borussia Dortmund is using an unusual insurance policy to recover most of the income it is losing for failing to qualify for European soccer’s elite Champions League for the first time in five years, according to two people with knowledge …
The judge weighing a $25 billion investor lawsuit over the 2008 bailout of American International Group Inc. challenged U.S. arguments that assuming control of the insurer didn’t amount to taking shareholder property. Maurice “Hank” Greenberg’s Starr International Co., AIG’s largest …
Bermuda-based Aspen Insurance Holdings Limited reported after tax net income of $128.0 million, or $1.87 diluted net income per share, for the first quarter of 2015, compared with $120.4 million, or diluted net income per share of $1.66, reported for …
Swiss Re Corporate Solutions joins forces with IBM Security to provide advanced cyber risk protection products and services to companies worldwide, aiming to help businesses defend themselves against increasingly sophisticated cyber attacks. The IBM-Swiss Re Corporate Solutions agreement combines IBM’s …
Australia’s Insurance companies are sending assessors into storm-ravaged regions of New South Wales to accelerate the claims process. Insurance Council of Australia CEO Rob Whelan said assessors were visiting policyholders where they could gain access, though many areas were still …
Allied World Assurance Company Holdings, headquartered in Zug, Switzerland, reported net income of $124.4 million, or $1.27 per diluted share, for the first quarter of 2015 compared to net income of $177.0 million, or $1.74 per diluted share, for the …
A company faces up to $58,700 in fines after a construction worker died while working on the second story of an Ocean Springs, Mississippi home. The U.S. Occupational Safety and Health Administration said Monday that it has cited Thomas Matthews …
Willis Group Holdings plc announced that it has made a firm offer to acquire the remaining 70 per cent that it does not currently own of French insurance broker Gras Savoye, and to accelerate closing the transaction. Willis acquired its …
Willis Group Holdings plc, the third-largest insurance broker, offered to buy the 70 percent of Gras Savoye that it doesn’t already own to expand in France, Eastern Europe and the Middle East. Willis will pay 550 million euros ($590 million), …
