Leadership & Strategy
XL Catlin Already Realizing Benefits of M&A Deal With Income/Premium Gains
XL Group, corporate parent of the newly merged XL Catlin, saw some real benefits from consolidation in the 2015 second quarter - its first as a combined company. Net income for Q2 reached $915 ...
AIG’s Commercial P/C Underwriting Unit Faced Continued Q2 Struggles
Insurer American International Group Inc reported a 5.6 percent jump in quarterly operating profit, driven by investments in one of China's biggest insurers and earnings from aircraft leasing company ...
A Different Take on Insurance Price Optimization
Bill Gausewitz, Esq., recently published an intriguing article in Carrier Management that supports insurers using "price optimization" approaches to make profits. He pits "…business goals of growth ...
Allstate’s Auto Claims Surge in Q2, Leading to 45% Slide in Quarterly Profit
Allstate Corp., the largest publicly traded U.S. auto and home insurer, said second-quarter profit plunged 45 percent on a surge in claims from automobile coverage. Net income declined to $355 ...
TigerRisk Pursues Asia Expansion With Launch of Hong Kong Office
TigerRisk Partners has established a beachhead in Asia, starting with a new Hong Kong office launched via a subsidiary. The Connecticut-based insurance broking and risk/capital management firm said ...
EXOR to Buy PartnerRe for $6.9B; AXIS Gets $315M Breakup Fee
PartnerRe, after fighting for months against an unsolicited bid from the Italian investment firm EXOR, has finally relented, agreeing to its overtures to buy the Bermuda-based reinsurer for $6.9 ...
Global Warming Debate: Should Insurers Ditch Carbon Investments?
Insurers and reinsurers are applying underwriting and risk management expertise to support an environmentally sustainable future, but the question of exactly how they'll use investment dollars toward ...
Public-Private Catastrophe Plan Could Boost UK’s Cyber Risk Resilience: Study
A public-private, cyber-catastrophe reinsurance arrangement would improve the UK's resilience against the growing threat of cyber risks in this interconnected world, according to a recently-released ...