Growth Initiatives
Allianz Wins China Approval to Launch Insurance Asset Management Firm
Allianz said on Thursday it had obtained regulatory approval to set up China's first wholly foreign-owned insurance asset management company, as the German insurer steps up expansion in the world's ...
USAA Dives Into Small Business Insurance Market
USAA will start writing its own small business insurance policies for the first time. Initial coverage in the space will be available immediately in five states – Arizona, Colorado, Illinois, South ...
The Latest Launches From Liberty Mutual and W.R. Berkley
A Liberty Mutual division launched new terrorism insurance coverage in Germany. W.R. Berkley Corp.'s Berkley One unit added or introduced new coverage to a number of states.
Metromile to Become Public Company and Expand Nationally
Metromile Inc., an InsurTech focused on pay-per-mile auto insurance, has hit the public markets in a reverse merger deal with Insu Acquisition Corp. II (Insu II), a special purpose acquisition ...
Former AXA XL Exec Will Lead QBE’s International Arm
A former AXA XL executive joined QBE Insurance in a major leadership role. Jason Harris will have the title of chief executive officer, International Division, which includes European Operations. He ...
What Distinguishes This Market? Here’s Lockton Re Leaders’ Insights
Lockton Re's Tim Gardner, global CEO, and Ross Howard, global chairman, have been through their share of hard markets. Like many in the reinsurance business, they agree no two hard markets are ...
Lockton Re Imagined: Bringing Choice to Reinsurance Brokerage
While some reinsurance brokers see opportunities to achieve significant economies of scale in the reinsurance market through acquisitions, others see opportunities to grow by providing reinsurance ...
Insurers Plan to Hire But Recruitment Struggles Remain
Most U.S. insurers want to fill existing positions or expand their staffs over the next year even though they are still having trouble recruiting. Interestingly, that trouble has persisted even ...