Underwriting
Spencer Re Hires Zurich Insurance Vet as New Leader
Spencer Re, a reinsurance firm focused on products predictable in nature, has brought on a veteran Zurich Insurance Group executive as its new CEO. Tina Youngblood Mallie, also vice chair of Spencer ...
Sony Pictures Enlists Employees to Screen for Stolen Data Use
Sony Pictures Entertainment advised its current and former employees to be on the alert for fraudsters looking to use their stolen data, which included detailed personal information. In what is ...
Watch Out Allstate: Progressive Adds Home Coverage With $875M ARX Buy
Progressive Corp., the fourth-largest U.S. auto insurer, is expanding in home coverage to challenge rivals including Allstate Corp. that are better known for bundling different types of policies. ...
Lobbying Onslaught Counters TRIA Renewal Stumble
It is in the Senate's hands to extend the Terrorism Risk Insurance Act, or TRIA, a law that establishes federal reinsurance in case of a terrorist attack, but legislative disputes threaten to prevent ...
China Insurance Broker Expands Employee Share Issue
China-based insurance broker CNinsure Inc. said it is boosting a new share issue to employees. The independent insurance intermediary company said it is expanding the issue from up to 100 million to ...
Aon Benfield Cites 2014 as Record for Property Catastrophe Bond Issuance
Total property catastrophe bond issuance for 2014 stood at $8.03 billion as of Dec. 12, a new record for annual insurance-linked securities, Aon Benfield Securities said. That new milestone hit with ...
China Reportedly Launching $6.5B Trust Insurance Fund
A planned insurance fund for China's trust industry will have an initial size of around 40 billion yuan ($6.47 billion), the state-owned China Securities Journal reported on Saturday, citing ...
Novarica: Large P/C Companies Widen Lead in Advanced Technology Race
Large property/casualty insurers are widening their lead over small- and medium-sized competitors in the race to add advanced technologies into daily work, Novarica concluded in a new report. ...