Growth Initiatives
Zurich Insurance ‘Confident’ About Reaching Improved Profitability Target
Zurich Insurance Group AG, Switzerland's biggest insurer, said it is still "confident" its non-life unit can improve a profitability target with cost cutting after it announced in August it may miss ...
Still Unprofitable Insurer NMI Holdings Seeks to File IPO
NMI Holdings Inc., the mortgage guarantor backed by Kyle Bass, Carlyle Group LP and BlueMountain Capital Management LLC, is seeking to be the first U.S. insurer since 2009 to file an initial public ...
Evans to Head New International Insurance Platform at Endurance
Endurance Specialty Holdings Ltd. announced Monday that Graham Evans will be joining the company as executive vice president and head of International Insurance. Evans, a 25-year veteran of the ...
Endurance Building ‘Relevance’ Through Leadership Changes, CFO Says
Armed with the overstuffed Rolodex of its new CEO, John Charman, Endurance Specialty Holdings is moving into new markets like a startup, the company's chief financial officer suggested at an investor ...
MetLife: Lack of Auto, Home Insurance Sales ‘Ridiculous’
MetLife Inc., the largest U.S. life insurer, is pushing agents to sell more car and residential coverage after the head of the company's main retail business said they've been missing an opportunity ...
Boat Owners, Insurers Testing Waters of ‘Sharing Economy’
Getting out on the open sea, wind in your hair, enjoying the ride with your family and friends. Then there's the boat payments, storage fees, fuel, maintenance and repair — these costs can quickly ...
ProAssurance to Acquire Workers’ Comp Specialist Eastern Holdings
Medical professional liability insurer ProAssurance Corp. (NYSE: PRA) said it is acquiring monoline workers' compensation insurer Eastern Insurance Holdings Inc. (NASDAQ: EIHI) in an all-cash ...
Germany’s Ergo Expects Asia, Eastern Europe Premium Growth
Munich Re's insurance unit, Ergo Versicherungsgruppe, plans to increase international premiums by more than a fifth over the next five years on sales in Asia and eastern Europe. "We aim to increase ...