Risk
Allstate’s May Pre-Tax Catastrophe Losses Reached $202M
Allstate said it got hit with $202 million in pre-tax catastrophe losses in May, generated from eight separate events. The cost actually reached $259 million, but favorable reserve re-estimates for ...
Ex-Morgan Stanley Banker/M&A Pro Joins W.R. Berkley in Strategy Role
W.R. Berkley Corp., the Greenwich, Connecticut-based commercial insurer, named former Morgan Stanley investment banker Jared Abbey as senior vice president for corporate strategy and development. ...
Reinsurers Stock Prices Hit as Soft Market Persists: A.M. Best
While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its ...
Executives On The Move at W.R. Berkley, XL Catlin, Guy Carpenter and More
A new executive joined a W.R. Berkley Corp. division. XL Catlin hired a Chubb veteran to lead its Excess & Surplus lines business. At Selective Insurance Group, a division made a number of new ...
New Nationwide Campaign With NASCAR’s Dale Earnhardt Jr. Involves Interactive Contest
Nationwide's latest ad with spokesperson and NASCAR driver Dale Earnhardt Jr. is going interactive with its small-business target audience. The insurer said that it has just launched a social media ...
Allianz Believes Blockchain Tech Will Spur Catastrophe Bond Trading
German insurer Allianz expects the technology underpinning virtual currency bitcoin to encourage trading in catastrophe bonds, which transfer the risk of natural disasters such as hurricanes to ...
Predictive Analytics Can Aid Wayward Workers Comp Claims
High complexity claims account for the majority of dollars spent in workers compensation claims. One way to identify high exposure claims early is by using predictive analytics. Using analytics, ...
Erie Insurance Tests Google Glass as Underwriting Workforce Efficiency Tool
Erie Insurance is testing the use of Google Glass in a bid to boost workforce efficiency, something it says will be crucial as waves of baby boomers retire from the industry over the next few years. ...