CEO / Chief Executive
Allstate’s Net Income Grew 52 Percent Higher; Auto Underwriting Improved
Insurer Allstate reported improved auto underwriting results and strong investment returns for the 2020 fourth quarter. Net income was up 52 percent to $2.6 billion for the quarter compared to net ...
Markel 2021 Combined Ratio Target Of 90 Attainable, Execs Say
After reporting a combined ratio of 89 for the final quarter of 2020, Markel Corporation's co-chief executive officers believe a goal of a 90 combined for full-year 2021 is well within reach. "I feel ...
Executives On The Move at AXIS Re and Coalition
AXIS Re appointed a new head of AXIS Re's Reinsurance Products division. Coalition has appointed five new production underwriters to help grow and serve the company's middle market relationships.
USAA Dives Into Small Business Insurance Market
USAA will start writing its own small business insurance policies for the first time. Initial coverage in the space will be available immediately in five states – Arizona, Colorado, Illinois, South ...
Industry Underestimating COVID Biz Interruption Losses: RenRe CEO
During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in 2021, the CEO highlighted one negative development for the industry ...
Why Auto Insurance Companies Should Drop Credit Score
COVID-19 has exacerbated socioeconomic inequality and exposed vast racial and economic disparities in America. Millions have lost their jobs, and research shows that historically under-resourced ...
Tyson Foods Will Fork Over $221.5M for Chicken Price-Fixing Claims
Breaking The Silence: A Black InsurTech Founder’s Story
As the founder of a data and analytics InsurTech focused on the commercial auto insurance space, I knew fundraising would be a challenge. Commercial auto insurance has been unprofitable for years, ...
Hallmark Financial Explores Splitting Off Specialty Commercial
Hallmark Financial Services, a specialty property/casualty company, announced Thursday that it is exploring the separation of its specialty commercial business to unlock its value and improve access ...