Risk
April Renewals Reflected Slowing Price Cuts, Rising Reinsurance Demand: Willis Re
While the April 1 renewals saw a continuation of the softening market, there are encouraging signs that price cuts are slowing and reinsurance demand is rising, according to a Willis Re report. For ...
Uber Will Pilot Use of Progressive Insurance to Cover Texas Drivers
Uber Technologies Inc will use Progressive Insurance to provide coverage for drivers in Texas beginning on April 1, in a pilot that could lead the ride-hailing market leader to diversify its U.S. ...
Anbang Insurance Pulls $14B Bid for Starwood Hotels
A group led by China's Anbang Insurance Group Co. withdrew its $14 billion takeover bid for Starwood Hotels & Resorts Worldwide Inc., clearing the way for a purchase by Marriott International ...
Allstate’s Esurance ‘Unveils’ Election Day Insurance (Giggle)
Allstate's Esurance is using the convergence of a volatile and unpredictable election year and April Fools' Day to have a little fun. The fun comes in the form of Esurance's (pretend) new Election ...
Watford Re Debuts E&S Specialty Insurer
Watford Re Ltd. has formed a new excess and surplus lines insurer called Watford Specialty Insurance Co. (WSIC), based in Morristown, N.J. WSIC's lines of business "will be similar to what we've been ...
AIG CEO Hancock Sees MetLife ‘Too Big to Fail’ Ruling as Opportunity
A judge's ruling that MetLife Inc is not "too big to fail" opens up an opportunity for insurer American International Group Inc to seek an exemption from the tag, AIG Chief Executive Peter Hancock ...
Zurich Insurance Chairman Insists Overhaul Will Lead to Better Results
Zurich Insurance Group AG will see improving results this year after taking steps to cut costs and overhaul units following unexpected losses at its general insurance unit, according to Chairman Tom ...
Cyber Risk and Low Interest Rates are Top Insurer Worries: A.M. Best
Cyber risk has emerged as a top insurance industry concern, though the low interest rate environment remains as a significant worry, A.M. Best found in a new report. Thirty-one percent of respondents ...