Ben Pillars always wondered why his wife crashed her Pontiac Grand Am in 2005, sending her into a coma from which she never recovered. Then last year, General Motors Co. recalled the car for a faulty ignition switch and Pillars …
The article Many Ignition Switch Claimants Excluded from GM Compensation Fund appeared first on Insurance Journal.
Guy Carpenter & Company, LLC, has reported that “after two years of price decreases averaging 15 percent on U.S. property catastrophe placements, risk-adjusted pricing moderated at the most recent June renewals. “Price declines moderated to decreases averaging in the high …
The article Guy Carpenter Confirms Slowing of Pricing Declines in June Renewals appeared first on Insurance Journal.
In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and distribution and greater growth and earnings than …
The article ACE to Acquire Chubb in $28.3B Deal appeared first on Insurance Journal.
DUAL Group, the underwriting arm of Hyperion Insurance Group, announced its launch into Central and Eastern Europe (CEE), following the acquisition of the majority stake of Toruń, Poland-headquartered insurance specialist, Data Connect Direct (DCD). This acquisition, which creates DUAL Polska, …
The article DUAL Enters Central, East European Market with Launch of DUAL Polska appeared first on Insurance Journal.
Willis Group Holdings plc’s chief executive officer, who is taking a lesser role under the insurance broker’s planned merger with Towers Watson & Co., has opted against taking some compensation that he was entitled to get. “Dominic Casserley will not receive a …
The article Willis CEO, Casserley, Opts Against Taking Severance Pay in Towers Watson Deal appeared first on Insurance Journal.
Hyperion Insurance Group, the London-based insurance and reinsurance intermediary group, has announced that Oliver Corbett will join the group as CFO. Corbett, currently interim CFO at Towergate, will take up the role in August, subject to regulatory approval. After seven …
The article Corbett to Join Hyperion Insurance Group as Group CFO appeared first on Insurance Journal.
Second of two articles In the first article in this series, Paula Jarzabkowski, professor of Strategic Management at Cass Business School, City University London, discussed the findings of her book on the reinsurance industry, which show that the market is …
The article ART Products Are Changing Reinsurance Industry Norms: ‘Acts of God’ Author appeared first on Insurance Journal.
