Risk
Insurers Kept Their Faith in Allianz’s PIMCO During Transition
While investors pulled funds from Pacific Investment Management Co. in the wake of co-founder Bill Gross's departure, yield-hungry insurance companies kept faith with the company. "Last year the ...
France’s AXA Invests $85M in Africa-Based Online Insurance Seller
AXA SA plans to invest 75 million euros ($84 million) in Africa Internet Group, the Nigerian owner of online businesses including retailer Jumia, as France's biggest insurer extends its product ...
Russia Raid Appears to Have Disrupted Cyber Crime Ring
Russian authorities in November raided offices associated with a Moscow film distribution and production company as part of a crackdown on one of the world's most notorious financial hacking ...
The Hanover Sees Dip in Q4 Net Income; OneBeacon Ends Year in Black
A competitive and challenging market left The Hanover Insurance Group with lower net income and net premiums written in 2015. OneBeacon Insurance Group also saw lower net premiums written, after ...
Visa, MasterCard Caught in China’s Expanded Curb on Insurance Purchases
The Chinese crackdown on the flow of funds into insurance products in Hong Kong has been extended to global credit-card firms Visa Inc. and MasterCard Inc. Domestic banks that issue the two ...
W.R. Berkley CEO: M&A Fallout Creates Window to Lure Promising Talent
Property/casualty mergers, acquisitions and reorganizations in recent months are creating opportunities to snatch up promising employees and make market inroads, W.R. Berkley Corp.'s CEO said. ...
Insurance Customers, and How to Keep Them by Using Connected Technology
It seems that no matter the industry, customer expectations for personalized service are high, and getting higher. Insurance customers now commonly make comparisons based on experiences in other ...
Munich Re Stock Soars After Dividend Surpasses Forecast
Munich Re, the world's second-largest reinsurer, rose the most since November 2011 after announcing a dividend that beat expectations. The company reported fourth- quarter profit that was unchanged ...