Leadership & Strategy
Fitch: Berkshire Hathaway’s Commercial Insurance Success Threatens Smaller Rivals
Berkshire Hathaway's expansion into the U.S. commercial lines market in recent years has been immensely successful for the company, giving it the ability to crowd out smaller rivals, Fitch Ratings ...
Willis Beefs Up Cyber Risk Practice With Marsh, Wells Fargo and ACE USA Hires
Willis is bringing on executives from Marsh, Wells Fargo Insurance Services and ACE USA to help beef up its cyber risk management consulting business. Specifically, the new hires will become part of ...
Most Insurers Unprepared For Driverless Vehicles: KPMG Survey
A sizable majority of insurers aren't ready for the arrival of autonomous vehicles, even as their development and testing accelerates, KPMG determined in a new survey. The audit, tax and advisory ...
Malaysia’s Islamic Insurers Hope to Double Younger Audience by Going Digital
Malaysia's Islamic insurers are seeking to double policy holders in five years by investing more in digital technologies to attract a younger audience, according to the industry association's head. ...
Buffett’s Berkshire Hathaway Grabs $388M Stake In Australia Insurer
Warren Buffett's Berkshire Hathaway Inc. will pay A$500 million ($388 million) for a stake in Insurance Australia Group Ltd. as part of a plan to expand in the region. The agreement will give ...
Report: AIG Seeking Chief Investment Officer to Manage $350B Portfolio
American International Group Inc. is seeking a chief investment officer to oversee a portfolio valued at more than $350 billion, according to a person with knowledge of the insurer's plan. The money ...
Long-Term Stability of Reinsurance Market Questioned
The reinsurance market is moving from coverage of acts of God to one that covers commoditized risks – an evolution that could have long-term implications for market stability and trading ...