American International Group Inc., the largest commercial insurer in the U.S. and Canada, raised $3.7 billion in cash by selling AerCap Holdings NV stock in a larger- than-planned transaction. AIG sold about 71.2 million shares in a public offering, the …
ACE Group has appointed Andrew Williamson as its new executive vice president, global marine, for ACE Overseas General (AOG), effective July 1. In his new role, Williamson will have overall responsibility for the performance, development and future growth of ACE’s …
Michael Tipsord, State Farm president and chief operating officer who first joined the insurer in 1988, will succeed outgoing CEO Edward B. Rust Jr. in September as chief executive officer. Rust, in speaking during a company wide telecast, said the …
Specialty Insurance Group (SIG), based in Indianapolis, has appointed Marla Peters as director of Underwriting. In addition to her director responsibilities, Peters will act as a production underwriter in the recreational facilities market. Prior to joining the SIG team, she …
Data breaches pose a serious threat to agents even though incidents involving large companies such as Target and Sony produce all the headlines. All agencies are vulnerable to breaches, no matter what their size, location or specialties. Yet there are …
Most investors need to make a significant behavioral shift and start factoring climate change into their portfolio risk management, a study on its impact on financial market returns found. Government officials are meeting in Germany this month to work on …
Twelve Capital, an independent investment manager specializing in insurance-related investments, with offices in Zurich and London, announced that Marcus Rivaldi, William Hardcastle and Ulrich Beck have joined the firm’s London office. The company’s core business is the management of insurance-linked …
The pace of global warming hasn’t slowed since 1998, a finding that contradicts a major United Nations study and challenges a key argument of skeptics of manmade climate change. Temperatures since 2000 have risen at a pace that is “virtually …
Texas windstorm insurer of last resort for coastal counties has released its annual report, which it says shows the practices and procedures of the organization have improved greatly since 2011. That was the year the Texas Department of Insurance placed …
The Jackson, Miss., City Council is looking at reducing the number of vehicles required to operate a taxicab company in the city from eight to four or fewer. The council took no action on the proposal this week, opting to …
