Maurice "Hank" Greenberg, CEO of American International Group (AIG) for four decades, has said that the embattled insurance giant should look at its strategy and its leadership to try to recapture its historic success.
Total return carrier Fidelis is being widely talked up as the most likely acquirer of Lloyd's (re)insurer Ariel, The Insurance Insider understands.
Sometimes business choices are simple moral choices.
Endurance has parted company with Doug Worman, the CEO of its US insurance business, The Insurance Insider revealed late last month.
Dual is preparing to choose a panel of around 10 insurers that will provide cornerstone capacity across the 30 percent of its book that does not constitute financial and professional lines.
The Lloyd's terrorism placement impacted by the attack at Turkey's Ataturk Airport on 28 June is likely to absorb a claim of less than $5mn, The Insurance Insider understands.
RSA has appointed PwC to advise on the sale of its £600mn ($786mn) UK legacy portfolio, The Insurance Insider has learned.
American International Group (AIG) has told the legacy market to stand down on the potential sale of its $5bn back-year P&C book Eaglestone Re after approaching run-off acquirers to hold exploratory talks in May, The Insurance Insider can reveal.
US auto carrier Safe Auto has been under auction for a number of months, The Insurance Insider can reveal.
Hank Greenberg's CV Starr is close to setting up a UK-domiciled insurance company, in an initiative that had been designed to give the insurer the opportunity to passport into European Union (EU) countries.
Lloyd's (re)insurer Sompo Canopius has sold almost all of its direct-to-consumer business to UK insurance broker A-Plan, The Insurance Insider understands.
In a messy quarter for US and Bermudian results, investors have been warned by analysts to look past cat losses to underlying performance and future prospects at (re)insurers.
Chubb has confirmed it has entered into a new quota share for its North American personal lines business that will see it cede around $250mn a year.
Continental reinsurers Swiss Re and Scor were both impacted in the second quarter by heavy industry cat losses.
Claims and insurance tax calculations are contenders to be the next focus of the Target Operating Model (Tom), according to Lloyd's director of operations Shirine Khoury-Haq.
The Michael Karfunkel Family 2005 Trust is to inject $200mn into Tower Group acquisition vehicle ACP Re to cover legacy liabilities at the Bermudian carrier after it experienced larger than expected adverse reserve development.
Acquisitive legacy-to-live carrier Enstar is thought to have taken the lead in negotiations to take on the London-based run-off book of Brazilian reinsurance giant IRB-Brasil Resseguros (IRB).
Cyber rankings survey launched; Profits down at Endurance; Greenlight Re falls to $25mn underwriting loss; Lower investment gains hit Direct Line; Ergo completes ATE acquisition; Watford buys admitted carrier; Cunningham Lindsey promotes duo; LSM hires Europe head
The long-awaited IPO of US specialty insurer Kinsale last week demonstrated that despite pricing pressure investors' interest in the sector remains high with the right names.
Ironshore has disclosed financial details as it prepares for an IPO amid a soft market and with the additional scrutiny that will result from its ownership by Chinese conglomerate Fosun.
Rating agency Standard & Poor's (S&P) has forecast a "tough year" for US P&C insurers, predicting that returns will fall by almost 2 percentage points in 2016.
The interim results season has demonstrated the positive impact of investors' Brexit concerns on London carriers' investment portfolios - at least in the near term
Aon and Marsh & McLennan Companies (MMC) delivered higher organic growth year-on-year in the second quarter.
Reported major losses for the second quarter have passed the $3bn mark following disclosures from a number of US carriers and European reinsurers
Endurance has accused its part-owned subsidiary Sawgrass of using delay tactics in a dispute over access to information about the mutual's book of Florida homeowners' business
US insurance giant Travelers has revealed that it is still waiting on a court decision in a long-running dispute with its reinsurers over a $519mn asbestos payout
Willis and Towers Watson have largely avoided the repercussions of five shareholder class actions brought in the wake of their $18bn tie-up
The Insider 30 was up by 1.4 percent on average in July, as the last week of the month brought a mixed bag of second quarter results
Share price data on The Insurance Insider's universe of P&C (re)insurers
A weather cat bond is being pitched to insurance-linked securities (ILS) investors for the first time since the late 1990s, sister publication Trading Risk reported last week
Third-party investors in reinsurer sidecars and asset management platforms took a share of second quarter catastrophe losses, which in turn impacted the fee income of the managing carriers
Validus recovered almost three-quarters of its Jubilee oil field loss from an industry loss warranty (ILW) payout, the carrier's second quarter results showed
Lloyd's has halted its development of a market loss index as it swings its focus squarely towards adapting to a post-Brexit reality.