Leadership & Strategy
Allstate’s Catastrophe Losses Climb 78 Percent
Catastrophe losses climbed 78 percent for Allstate in its 2016 third quarter, a trend that led to a double-digit drop in net income and higher losses for Esurance, its online auto and home insurance ...
AIG’s Mixed Results Lead to Stock Drop, Wall Street Skepticism
American International Group Inc.'s assurances of underwriting progress are drawing increased skepticism from Wall Street analysts after another disappointing quarter. Results from international ...
Digital Innovation, Personal Service Can Help Agents and Brokers Keep Wealthy Clients
The global high-net-worth individual (HNWI) population has increased by 5 percent so far in 2016 to 16.6 million, with total global HNWI wealth increasing by 4 percent to $58.7 trillion, according to ...
Hiscox Helps Back Indio, a Commercial Insurance Broker Platform, in $2M Round
Hiscox is among the participants in a $2 million seed financing for Indio, a commercial insurance platform for brokers that aims to do what Sabre did for travel agents or Schwab did for wealth ...
A Handful of Wall Street Execs Still Avoid Using Emails or Texts
In an age when most bankers use keyboards to communicate with each other, a small group of the Wall Street elite refuses to say anything substantive in an email, text or chat, and some will not ...
Blockchain in Insurance: Applications and Pursuing a Path to Adoption
Blockchain, or distributed ledger technology, quickly has become a fixation in the financial services industry as a result of its potential to revolutionize and transform our thinking about data ...
Aspen Buys Puerto Rico MGA as Part of Caribbean Marine Expansion
Aspen Insurance has made an acquisition that will expand its specialist Marine capabilities in the Carribbean market. The Bermuda-based insurer said it bought Blue Waters Insurers, Corp. Blue Waters, ...
Measuring Casualty Cat Risk: What Underwriters and Actuaries Miss and Why
Last month, I was invited to speak at the Casualty Actuarial Society Loss Reserving Seminar in Chicago, where I had the opportunity to challenge the existing techniques designed to measure ...