Leadership & Strategy
Large Insurers May Gain as a Trump Administration Deregulates
Wide-ranging financial industry deregulation under President-elect Donald Trump could benefit large insurers, particularly those such as AIG and others deemed as systemically important under current ...
AIG to Lose $430M on Fuji Sale, Gain $300M on Seoul Transaction
American International Group Inc., the insurer that's shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to ...
Targeting Millennials, Allstate Offers $2 On-Demand Road Rescues for Turkey Day
On Nov. 23—the day before Thanksgiving—Allstate announced that it is offering $2 roadside rescues for 1,000 stranded motorists experiencing common roadside emergencies, such as flat tires, dead ...
Small Biz Insurance Site CoverWallet Pulls In $7.8M in Funding, Adds Ermilio as President
Online commercial insurance agency CoverWallet announced it has received $7.8 million in funding in a Series A round led by Union Square Ventures, bringing its total raised to date to $9.5 million. ...
Treasure Trōv: A Serial Entrepreneur’s Path to On-Demand Single-Item Insurance
Scott Walchek is a serial startup specialist—the classic technology entrepreneur who conjures a way to do something better and then makes it happen. His most recent imaginings have centered on the ...
USAA Leads Insurers Flocking to Exchange-Traded Funds
The booming demand for hot exchange-traded funds has finally caught up with the staid, sleepy insurance industry. U.S. insurers are the latest group of investors to start buying ETFs en masse, with ...
No Plan for Job Cuts in Zurich’s $1.5B Cost-Cutting Moves
Zurich Insurance Group AG raised its target for cost cuts and dropped plans to eliminate jobs as Chief Executive Officer Mario Greco overhauls Switzerland's largest insurer. The shares rose. The new ...
Starr Companies Launches Direct-to-Consumer Digital Insurance Agency for Small Businesses
Starr Companies has announced the launch of Starr Insure, a new direct-to-consumer digital insurance agency that provides property and casualty coverages for small businesses. Coverage is obtained, ...