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XL Group Selling Life Re Biz for $570M
XL Group plc owned subsidiary, XL Life Reinsurance (SAC) Ltd (XLLR), to GreyCastle Holdings Ltd. for $570 million in cash. XL CEO Mike McGavick said the deal represents "another strong step forward ...
Speculation on Buffett Successor Heats Up; Jain Among Candidates
Two years ago, Warren Buffett, then 81, announced that the Berkshire Hathaway Inc. board had chosen his successor as chief executive officer. The board, he said, also had two backups, but all three ...WSJ: Were Risks of a Catastrophic Landslide in Washington Ignored?
County officials have said that they weren't aware of a 15-year-old report that warned about the risks of a catastrophic landslide in their Washington state region. But in the wake of a March 22 ...Willis to Relocate 3,500 Workers as Profit Misses Estimates
Willis Group Holdings Plc plans to eliminate jobs and relocate 3,500 employees, or about 16 percent of its workforce, after reporting first-quarter earnings that missed analysts' estimates. The moves ...
Five Things About Google’s Self-Driving Cars
The director of Google's self-driving car project wrote in a blog post Monday that development of the technology has entered a new stage: trying to master driving on city streets. Many times more ...
Demand for Jury Trial Denied; Ex-AIG Chief Greenberg to Face Judge He Wanted Removed
Former AIG chief Maurice "Hank" Greenberg will have to defend himself against claims of accounting fraud in a non-jury trial conducted by a judge he tried to remove for alleged bias. Justice Charles ...
Many Employers Unfamiliar With Management Liability Risks Posed by Affordable Care Act: Travelers
A new survey sponsored by Travelers reveals that many businesses may not be prepared for implementation of the Patient Protection and Affordable Care Act (PPACA). The survey, conducted in March by ...The Tech Broker
Insurers aren't the only entities finding opportunity in a technology-driven market. Elizabeth Sullivan, vice president at EG Bowman, a New York-based commercial and personal lines insurance broker, ...