May 31, 2017
U.S. commercial property insurer FM Global has been approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain’s decision to leave the bloc, the company said …
May 31, 2017
BlackRock Inc. expects $300 billion in new money from insurers to flood into the already booming bond exchange-traded fund sector over the next five years, a spokeswoman said on Tuesday, following a move by regulators to adjust some requirements on …
May 19, 2017
Companies without cyber insurance are dusting off policies covering kidnap, ransom and extortion in the world’s political hotspots to recoup losses caused by ransomware viruses such as “WannaCry,” insurers say. Cyber insurance can be expensive to buy and is not …
May 15, 2017
American International Group named Brian Duperreault as its new chief executive officer on Monday, selecting a protege of former CEO Hank Greenberg and an industry veteran known for his turnaround expertise. Duperreault, age 70, is the founder and chief executive …
May 15, 2017
Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little take-up of cyber insurance, insurers say. A massive ransomware worm …
May 4, 2017
American International Group Inc., one of the largest U.S. insurers, reported better-than-expected first-quarter operating profit on Wednesday, helped by investment returns and cost cuts. AIG reported operating earnings of $1.37 billion, or $1.36 per share, compared with $765 million, or …
May 2, 2017
For nearly two months, American International Group Inc. has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company’s future. AIG reports its first-quarter …
April 26, 2017
U.S. commercial property insurer FM Global is planning a European hub in Luxembourg following Britain’s decision to leave the bloc, the head of its European division told Reuters. The mutual insurer, which earned $5.5 billion in gross premium last year, …
April 19, 2017
With no sign of a replacement in the works, the U.S. insurance industry is pushing to prevent the departure of a key figure on the federal body that determines how large insurance companies are regulated. Roy Woodall, the sole independent …
April 17, 2017
American International Group Inc.’s board of directors declined to award Chief Executive Officer Peter Hancock a cash bonus for his work last year, after the company’s dismal financial performance roiled shareholders, according to a proxy filing on Thursday [April 13]. …