Leadership & Strategy
New AIG Global COO Zaffino Gets Initial Pay Package Worth Over $8.5M
American International Group's new Global Chief Operating Officer Peter Zaffino starts his tenure at the struggling insurer with an initial pay package worth more than $8.5 million, according to a ...
Entertainment Insurance Challenges Laid Bare by Fyre Festival Collapse
Already facing numerous lawsuits, Fyre Festival organizer Billy McFarland was arrested on federal charges last week. The government alleged he defrauded investors who bought into Fyre Media Inc., the ...
Trōv Founder Walchek: 7 Tips for Startups Partnering With Incumbent Insurers
Trōv is a tech startup that's introducing the world to a new way to insure their things: on-demand for any duration, entirely from a smartphone. We've had to reinvent the insurance ...
The Hanover’s Chaucer Acquires Lloyd’s MGA Focused on Sports, Leisure, Entertainment
The Hanover Insurance Group snatched up a Lloyd's managing general underwriting agency based in Australia, in a deal that will boost its competitive status there and also expand its overall specialty ...
Buffett’s Berkshire Hathaway Will Become Bank of America’s Biggest Shareholder
Warren Buffett's company will become the biggest shareholder in Bank of America Corp, after Berkshire Hathaway Inc on Friday invoked its right to acquire 700 million shares of the second-largest U.S. ...
Investors Begin Nudging Companies to Reduce Carbon Footprint
Investors are slowly starting to push companies to reduce their carbon footprint and help the world meet targets on limiting global warming that were agreed in the 2015 Paris climate talks. Energy ...
Three Essentials for Innovation
All companies must innovate or risk getting "stuck in a zero-sum game, in which their gain can only be another's loss," says strategy and innovation consultant Ken Favaro in a new article for PwC's ...
Getting Ready for AI: A 5-Step Practical Approach for Insurers
Artificial intelligence (AI) is rapidly proving its business worth across many industries, and insurance is no exception. AI can enable smarter ways to sell products and services, whether powering ...