Performance
2014 U.S. Cat Events Land Far From Record Levels: Verisk
U.S. insured losses during the first nine months of 2014 fell "well short" of the 10-year average. But major events still caused some pain, and catastrophe losses in the country climbed by ...
Aon Benfield: India, Pakistan Flooding 2014’s Costliest Weather Event So Far
The costliest weather event so far 2014 involved torrential monsoon rains and catastrophic flooding in India and Pakistan in September, Aon Benfield concluded in a new report. The firm's September ...
Capital Gains Mute P/C Industry H1 Operating Income Decline
The combined ratio for the property/casualty insurance industry became slightly worse in the first half of 2014, as net investment income declined and weak operating income continued. But net income ...
Zurich Insurance Group Has New U.K. Non-Life Head
Zurich Insurance Group AG, Switzerland's biggest insurer, named group controller Vibhu Sharma to head of general insurance operations for the U.K. Sharma, 48, will start in April, Louise Zucchi, ...
Hanover Insurance Gets Ratings Affirmation in Advance of Q3 Earnings
The Hanover Insurance Group doesn't release its 2014 third quarter financial results until Oct. 29. But Fitch Ratings has given the Massachusetts-based U.S. property/casualty insurer an early bit of ...
Ex-Treasury Secretary Talked With China About 2008 Financial Bailout
Henry Paulson, the former treasury secretary, said he talked with China about helping bail out financial firms in 2008, in the first discussion of the rescue scheme in a court with two other plan ...
Allianz CEO Will Step Down In Wake of PIMCO, Fireman’s Fund Challenges
Allianz SE said Chief Executive Officer Michael Diekmann will step down next year and named board member Oliver Baete to succeed him as it grapples with upheaval at Pacific Investment Management Co. ...Greenberg Argument: U.S. Bailout of AIG Extorted Shareholders
The U.S. extorted American International Group Inc. shareholders when it extended a $182 billion taxpayer bailout at the height of the 2008 financial crisis, a lawyer for Maurice "Hank" Greenberg ...