Strategy

Third Point Re, Sirius to Merge in $788M Deal

Third Point Reinsurance and Sirius International Insurance Group, a global multi-line insurer and reinsurer, have agreed to merge in a cash and stock transaction worth $788 million. The new company ...

Citing Social Justice, Root Pledges to End Credit Scoring for Auto Insurance Pricing

Root Insurance pledged to eliminate the use of credit scoring from its car insurance pricing model by 2025, a move the InsurTech said will help remove bias and discrimination from the process. ...

AXA CEO Expresses Confidence in XL Biz After Coronavirus-Related Losses

The CEO of AXA on Thursday expressed confidence in the French insurer's company-focused XL Group after the business reported a loss in the first half following a spike in COVID-19-related claims. AXA ...

Dynamic Planning Framework: How Carriers Can Deal With Uncertain Risks

Insurance companies have always been leaders in dealing with uncertainty. The difference today is that the threat environment has become more volatile. Climate change has made natural disaster ...

Not Every InsurTech Is a Startup: How Swiss Re Delivers Tech Solutions

It's not just InsurTech startups that have an edge on innovation. Some established reinsurers have developed their own analytics and technology divisions that offer a variety of InsurTech-type ...

Acuity CEO, Others Explain How Pandemic May Forever Alter ‘Work-Life Balance’

When it comes to helping employees balance work hours with relaxation, Acuity Insurance Chief Executive Officer Ben Salzmann has a unique tool at his disposal: a 65-foot Ferris wheel. Before the ...

The Hartford Produces Q2 Profit; Announces Job Cut, IT Investment Plans

The Hartford survived second quarter COVID-19 related challenges by producing an overall profit, though the property/casualty insurer announced plans to reduce expenses through job cuts and other ...

Best Practices for Developing an Automation Mindset Across an Organization

With interest rates near zero percent, insurance carriers are facing a shifting paradigm. Investment income will not be able to drive return on equity alone, and combined ratio will have to bear the ...

Tesla CEO Musk Seeks Actuaries to Help Build New Insurer

Tesla, which has been testing an insurance product for its drivers in California, is preparing to build an insurer, one CEO Elon Musk says will be "revolutionary." And he's inviting actuaries to join ...

U.S. Carriers Begin Crafting Police Professional Liability Cover

U.S. insurers and brokers are starting to craft professional liability coverage for police officers, spurred on by signs that policymakers in some cities and states want to use a financial stick to ...