Risk
New Swiss Re CEO Mumenthaler to Replace the Retiring Liès
Swiss Re AG named Christian Mumenthaler, a 17-year veteran of the company who heads the main reinsurance unit, as chief executive officer from July 1. He will succeed the retiring Michel Liès. ...
Exclusive: Google Reportedly Will Shut Down Online Insurance Site
It appears Google Compare's grand experiment in online comparison shopping for auto insurance is dead – for now at least. Insurance Journal has learned that two of Google Compare's major partners ...
Hiscox Unveils Cloud-Based E-Trading System in U.K.
After a successful pilot, Hiscox has launched Hiscox Trader, a new cloud-based e-trading system for U.K. commercial insurance brokers. The new technology, developed with insurance technology ...
American Modern to Pull Out of Lender-Placed Insurance
American Modern Insurance Group plans to get out of the lender-placed insurance business, with a wind-down of the division set to take place over the next two years. The Ohio-based residential ...
How Telematics Saves on Claims, Improves Customer Experience
Insurers that are not already using the data from their telematics programs for claims would be wise to do so early in their adoption of telematics, as the task only becomes more difficult as more ...
Record Takata Air Bag Recall Could Grow Larger Still
The U.S.'s auto safety regulator said it's investigating all Takata Corp.air-bag inflators that use a chemical propellant banned from future models and will compile data to determine whether to ...
Zurich Problem Was Lack of Accumulation Management, Chair Says
Zurich Insurance Group AG is fixing how it detects risks after miscommunication among units aggravated losses from a port explosion in China last year, Chairman and acting Chief Executive Officer Tom ...
S&P Frees GEICO, National Indemnity, Gen Re from CreditWatch Negative Status
Berkshire Hathaway's insurance subsidiaries are no longer on CreditWatch Negative with Standard & Poor's. The ratings entity removed National Indemnity Co., GEICO and General Reinsurance Corp. ...