Underwriting
Research Head for Google’s Self-Driving Car Project Departs
Chris Urmson, chief technical officer of Google's self-driving car efforts, said he's leaving as the Internet company moves the project from research into the creation of products. "I am ready for a ...
Munich Re Gains From Selling Investments and Currency Changes
Munich Re, the world's second-biggest reinsurer, reported second-quarter profit that beat analysts' expectations as gains from currencies and investments cushioned higher claims from natural ...
The Latest Launches from Chubb, Marsh and More
Chubb beefed up its cover for commercial entertainment producers in the UK and Ireland. A W.R. Berkley company launched a new division. Marsh created a new product designed to help some clients with ...
6 U.S. Ports Are at Greatest Global Risk for High Natural Catastrophe Losses
Six U.S. ports are among 10 globally at biggest risk of high insurance losses stemming from earthquake, wind and storm-surge catastrophes, according to a new RMS analysis. The California-based ...
Future Workers Compensation Profitability Faces Obstacles
Workers compensation, the largest product segment in the U.S. commercial lines insurance sector, has experienced a recent profit renaissance, moving to a significant underwriting profit in ...
Loeb’s Third Point Re Soars on Investment Returns; Combined Ratio Climbs
Third Point Reinsurance Ltd., the company that counts on hedge fund manager Dan Loeb to oversee investments, posted its biggest profit since 2013 as his portfolio rebounded. Second-quarter net income ...
Allianz’s Q2 Profit Plunges by Nearly Half, Missing Estimates
Allianz SE said second-quarter profit almost halved, missing estimates, as Europe's biggest insurer faced higher claims from natural disasters and charges for the expected sale of its South Korea ...
State Auto Lost $24.6M in Q2; Catastrophe and Auto Losses to Blame
Higher catastrophe and auto losses helped drive State Auto Financial Corp.'s 2016 second quarter into the red. The Columbus, Ohio-based super regional insurer reported a second quarter 2016 net loss ...