Underwriting
AIG Chairman: P/C and Life Insurance Operations Have Place at Company
American International Group Inc., which is shrinking under pressure from activist investors, is committed to retaining operations in both life insurance and property-casualty coverage, Chairman Doug ...
Which Country Is the Most Risk Resilient? That Would Be Switzerland
Switzerland is the world's most resilient country in terms of its ability to handle global risks including natural hazards, oil price volatility and terrorism, according to FM Global's 2016 ...
AmTrust Completes $55M Purchase of Genworth Financial’s Mortgage Insurance Division
AmTrust Financial Services has concluded yet another acquisition, this time in the mortgage insurance realm. The New York City-based multinational insurance company recently completed its purchase of ...
Obama Urges Tighter Building Codes to Reduce Natural Disaster-Related Losses
President Barack Obama is asking the private sector to tighten building standards to reduce losses from natural disasters after studies linked an increase in extreme weather to climate change. The ...
U.S. P/C Underwriting Profit Grew in 2015, but Net Investment Income Sank: A.M. Best
A double-digit decline net investment income in 2015 added a dour note to what was the third consecutive year of underwriting profitability for the U.S. property/casualty industry. Underwriting ...
The Latest Launches From Karen Clark, Allianz and Hiscox
Karen Clark & Co. has released the latest version of its RiskInsight modeling platform. Allianz is expanding its travel insurance through a partnership with a motorcycle rental/tour operator. ...
Munich Re Shares Dip Due to Equity Investment Losses, Restructuring Charges
Munich Re, the world's second-biggest reinsurer, revised its full-year profit target to include restructuring charges at its primary insurance unit and losses on equity investments that hit ...
The Hanover’s Q1 Net Income Jumps 42%, Thanks to Lower Catastrophe Losses
Lower catastrophe losses led to a surge in net income for The Hanover Insurance Group Inc. during the first three months of 2016. The Worcester, MA-based insurer reported net income of $78.2 million ...