Underwriting
XL Group Becomes AXA XL With Merger Closing
As of Sept. 12, XL Group will officially become a part of AXA. The Paris-based global insurer disclosed on Sept. 11 that it now has all regulatory approvals required to complete its acquisition of XL ...
New Guy Carpenter Subsidiary Manages Carrier Quest for Global InsurTech Partners
InsurTech is often touted as the cure that will solve the insurance industry's inefficient and antiquated processes—from distribution to underwriting to claims. While many insurers want to ...
Lloyd’s Still Set for a Radical, High-Tech Makeover, Promises Outgoing CEO Beale
Lloyd's of London's historic base on Lime Street is heading for a radical makeover, with more focus on shared, collaborative spaces along the lines of a WeWork Cos. office, according to its outgoing ...
U.S. Flood Insurance Reform Remains Unfinished, a Year After Massive Hurricane Damage
U.S. taxpayers who spent billions of dollars after a trifecta of hurricanes last year are poised to do so again after a fix to the nation's troubled flood insurance program remains stalled in ...
1 Million-Plus Told to Flee Hurricane Florence as Mid-Atlantic States Brace for Storm
Florence was slightly weakened but not unbowed as it continued to barrel toward the U.S. East Coast on Tuesday, with forecasters saying they expect the storm to re-strengthen to near Category 5 ...
Global P/C Markets Falling Short on Sustainable Returns: Swiss Re Sigma
Global property/casualty insurance markets are underperforming and have a way to go before producing sustainable returns, Swiss Re said in its latest sigma report. "Most markets remain in a phase of ...
Don’t Expect Reinsurance M&A to Let Up: Fitch Ratings
As global reinsurance executives gathered in Monte Carlo for their annual Reinsurance Rendezvous, Fitch Ratings said it expects consolidation of the industry will continue. Fitch's report echoes ...
Old Practices May Help AIG CEO Duperreault Recapture Insurer’s ‘Lost Shine’
Brian Duperreault, who rejoined American International Group Inc as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail ...