American International Group, Inc. said underwriting managers have purchased an additional 3.9 million shares of Transatlantic Holdings Inc. from AIG leaving the company with a 14 percent stake.
Novarica, a research and advisory firm, said a survey has found a large number of insurance executives think they purchased the right software, but many have doubts.
NU Editor In Chief Sam Friedman invites readers to guess who the "terrible trio" of carriers might be that MarketScout's CEO says is prolonging the soft market. To voice your speculation, go to Sam's blog at www.NUSamSoapBox.com.
The insurance sector is hiring even after laying off personnel in an attempt to upgrade its staff, and is doing better than other business segments when it comes to employment opportunities, according to a recruiting expert.
I'm really sorry to hear that Eric Dinallo will be calling it a day as New York's insurance superintendent on July 3. He was a fair and effective regulator in the most trying of times, as well as press-friendly--always a plus in my book.
Lawsuits related to climate change could expand faster than the explosion of asbestos claims and have significant impact on insurers, Swiss Re warns in a new report.
With the start of last week's hurricane season and continued congressional inaction on legislation reauthorizing and reforming the National Flood Insurance Program, the issue of dealing with catastrophic storms is reaching crisis proportions.