Windstorms did over $3bn of economic damage in Europe last month while an historic deep freeze in the US coupled with winter storms exacted $1.1bn in costs, Aon Benfield Impact Forecasting unit said.
Marsh & McLennan Agency has acquired a Raleigh, North Carolina-based independent insurance brokerage firm for undisclosed terms, the Marsh subsidiary known as MMA said today.
XL Group shares jumped 12.5 percent yesterday after a Bloomberg report said the Bermuda-based (re)insurer had drawn takeover interest from Allianz and possibly others.
At the start of Insurance Careers Month in the US, it's appropriate to think about the 400,000 people who are expected to leave the industry over the next few years.
XL Group shares jumped 12.5 percent today after a Bloomberg report pegged the Bermuda-based (re)insurer as drawing takeover interest from Allianz SE and possibly others.
Early reporters within The Insurance Insider's coverage universe have so far mostly beaten consensus estimates for the fourth quarter, with share prices rising in reaction to the wins.
