Strategy
Safeco Will Take Over Donegal Mutual’s Personal Lines Biz in 7 States
Donegal Mutual Insurance Co. is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to ...
Lloyd’s Still Set for a Radical, High-Tech Makeover, Promises Outgoing CEO Beale
Lloyd's of London's historic base on Lime Street is heading for a radical makeover, with more focus on shared, collaborative spaces along the lines of a WeWork Cos. office, according to its outgoing ...
AXIS Re’s New Strategic Partners Team Includes Munich Re Hire
AXIS Re launched a new consulting arm to serve clients and brokers, hiring on a former Munich Re executive and promoting within to staff the division. The new arm – AXIS Re Strategic Partners – ...
Don’t Expect Reinsurance M&A to Let Up: Fitch Ratings
As global reinsurance executives gathered in Monte Carlo for their annual Reinsurance Rendezvous, Fitch Ratings said it expects consolidation of the industry will continue. Fitch's report echoes ...
Old Practices May Help AIG CEO Duperreault Recapture Insurer’s ‘Lost Shine’
Brian Duperreault, who rejoined American International Group Inc as chief executive officer last year to turn the company around, remembers another era when the insurer was trying to blaze a trail ...
A CEO Needs to Be Authentic, Optimistic and Resilient: PartnerRe’s Clarke
When PartnerRe acquired SAFR in 1997, it expanded its scope of business, moving quickly from being a monoline catastrophe reinsurer to a multiline company. Along with that purchase came PartnerRe's ...
State Farm Acquires Naming Rights in NFL, NBA Stadium Deals
One of the sports world's biggest advertisers, State Farm doubled down this week, buying the naming rights for the home venues of the Atlanta Hawks and Arizona Cardinals. State Farm Arena and State ...
XL Catlin Launches New Satellite Cover Addressing Launch and Deployment Risks
XL Catlin is expanding its space insurance offerings. The global insurer and reinsurer—soon to be acquired by France's AXA—disclosed it is launching space insurance coverage for satellite owners, ...