Brand Management & Sales
Progressive ‘Body Punching’ Way to Greater Acceptance of Snapshot Product
Progressive Corp., the fourth-largest U.S. auto insurer, is searching for the right message to attract customers to a product that tracks a person's driving to set rates, Chief Executive Officer ...
Swiss Re Reports Net Gain But Underwriting Loss Due to Disaster Claims
Swiss Re Ltd., the world's second- biggest reinsurer, reported its first quarterly underwriting loss since 2011 after a surge in claims from natural catastrophes and man-made disasters. The combined ...
60% of Customers Who Leave Independent Agents Eventually Return: Survey
Many customers who are lured away from independent agents by direct insurers promising lower prices will ultimately return to an independent agent. According to a recent study commissioned by The ...
Nigeria Taking Steps to Become Islamic Finance Center
Nigeria is gradually opening up to Islamic finance, a move that could bring non-interest banking to over 80 million Muslims and develop one of Africa's fastest-growing consumer and corporate banking ...
Four Distribution Steps For Successful Global Growth
Growth opportunities for insurers in developed markets are running out of runway and require increased efforts. Even though there is slow growth in some areas, regions such as China, India and Brazil ...
Third Point Reinsurance Plans to Raise Up to $322.2M in IPO
Third Point Reinsurance Ltd., which counts hedge-fund manager Daniel Loeb as a founding shareholder, said it plans to raise as much as $322.2 million in an initial public offering. The company, ...
Berkshire Hathaway Reinsurance for Ireland’s Health Claims May Save Taxpayers
Warren Buffett's Berkshire Hathaway Inc. will reinsure about 700 million euros ($923 million) in claims for Ireland's state health insurer, which is seeking to stem losses and its burden on taxpayers ...
ACE CEO Greenberg Cautions on Wall Street Draining Reinsurance Pond
ACE Limited Chief Executive Officer Evan Greenberg said the influx of Wall Street capital into the reinsurance industry is pressuring rates and that he is prepared to cut sales of backstop coverage. ...