Strategy
Allianz Global Corporate & Specialty Reorganizes Alternative Risk Transfer Business
Allianz Global Corporate & Specialty (AGCS) said it is reshaping its Alternative Risk Transfer (ART) business into two new specialist teams, a move responding to the growing importance of ...
Britain’s Aviva Boots CEO, Plans to Appoint Successor Within Four Months
Aviva is replacing its chief executive Mark Wilson after his sweeping transformation of the British insurer did not deliver the returns shareholders were looking for. During his six years in charge, ...
InsurTech Needs to Go Full Stack on Policy Management Systems
InsurTech—the marriage of insurance and technology—suggests two giants aligning together to create a solution greater than the sum of its parts. Highly regulated, slow moving and tied to ...
One Target Area for the London Market to Grow: Driverless Ships
Autonomous ships could offer significant growth potential for the London market, according to the findings of a survey conducted by the International Underwriting Association (IUA). Indeed, 25 ...
Digital Transformation Strategy Tip: Hire the Innovators
For executives fretting about pursuing a successful digital transformation, here's a thought: Hire the innovators. There's plenty of pressure to pursue innovation and digital change with existing ...
Lending Tree Forks Over $370M for QuoteWizard, an Online Insurance Comparison Marketplace
Online financial services marketplace LendingTree Inc. said it has agreed to acquire QuoteWizard.com, one of the largest online insurance comparison marketplaces. Since its founding in 2006, ...
RenaissanceRe Non-Committal About Exploring ‘Strategic Alternatives’
A ReinaissanceRe shareholder's call for the company to explore a possible sale is drawing a non-committal response from management. TimesSquare Capital Management, an institutional management firm ...
Aspen Founder, CEO O’Kane to Depart in 2019; Brit Chairman Cloutier to Replace Him
Aspen Insurance Holdings Group Chief Executive Officer Chris O'Kane plans to step down in the 2019 first half, after investment manager Apollo Global Management LLC closes its $2.6 billion deal to ...