Underwriting
Munich Re Raises Full-Year Profit Target With Surge of Quarterly Earnings
Munich Re, the world's biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe claims. The shares rose. Net income rose to 1.07 billion ...
Rios Leaves Top Job at Munich Re’s American Modern Insurance Group
Manny Rios, CEO of American Modern Insurance Group, has left the company. The Ohio-based specialty insurer (and Munich Re subsidiary) said in a prepared statement that Rios is leaving for personal ...
Zurich Sees Profits Shrink, Raising Pressure on CEO to Bid for RSA
Zurich Insurance Group AG Chief Executive Officer Martin Senn is under increased pressure to buy RSA Insurance Group Plc after the two companies reported earnings. Second-quarter profit at ...
Allstate’s Wilson Cites Esurance Improvements, But Struggles Remain
For Allstate, the bid to make its online auto and home insurance provider Esurance a profitable endeavor remains a long-term goal. But the 2015 second quarter showed some moderate progress. Esurance ...
Hannover Re Benefits From P/C Earnings Surge
Hannover Re, the world's third-largest reinsurer, said second-quarter profit rose 19 percent, as lower catastrophe claims helped a surge in earnings from property and casualty. Net income increased ...
Munich Re Steps Into U.S. Private Flood Insurance Market
Munich Re's U.S. arm sees growth potential in the private flood insurance market. The German reinsurer is launching a personal lines inland flood insurance product targeted at giving more options to ...
AmTrust Expands With Plans to Snatch Up Dutch Reinsurer for $167.9M
AmTrust Financial Services is snatching up a Dutch reinsurer of surety and trade credit insurance for more than $167.9 million. The multinational insurance holding company said it will pay at least ...
Critical Considerations for Integrating Underwriting and Policy Administration Systems
As advanced technology and predictive modeling continue to shape the evolution of insurance operations, two systems remain at the heart of most commercial and specialty insurance ...