Underwriting
American Family Wants to Go Mutual Holding Company Route
American Family Insurance plans to become a mutual holding company. The change would, in part, strengthen its ability to make acquisitions or pursue M&A transactions with other mutual insurance ...
Allianz Grabs Zurich’s Moroccan Division for $275M
Allianz Group plans to pay more than $275 million for Zurich Insurance's Moroccan subsidiary. The deal for Zurich Assurances Maroc is expected to close at the end of 2016, pending regulatory ...
Insurers: Ignore the FinTech Revolution at Your Long-Term Peril
While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have put FinTech at the heart of their corporate strategies, according to report published by ...
Berkshire Hathaway Specialty Insurance Branches Out Into Germany
Berkshire Hathaway Specialty Insurance is branching out into Germany as part of a broader European expansion. Veteran executives from Aon, Allianz and elsewhere will help lead it. BHSI's new ...
Allstate’s May Pre-Tax Catastrophe Losses Reached $202M
Allstate said it got hit with $202 million in pre-tax catastrophe losses in May, generated from eight separate events. The cost actually reached $259 million, but favorable reserve re-estimates for ...
Ex-Morgan Stanley Banker/M&A Pro Joins W.R. Berkley in Strategy Role
W.R. Berkley Corp., the Greenwich, Connecticut-based commercial insurer, named former Morgan Stanley investment banker Jared Abbey as senior vice president for corporate strategy and development. ...
Reinsurers Stock Prices Hit as Soft Market Persists: A.M. Best
While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its ...
Executives On The Move at W.R. Berkley, XL Catlin, Guy Carpenter and More
A new executive joined a W.R. Berkley Corp. division. XL Catlin hired a Chubb veteran to lead its Excess & Surplus lines business. At Selective Insurance Group, a division made a number of new ...