Strategy
Aon Names Two Co-Presidents, Retires Remaining Sub-Brands
Aon plc named two of its veteran executives to become co-presidents, and the global broker/consulting firm also retired its remaining business unit brands in a bid to promote more product innovation ...
Lloyd’s CEO Beale Urges Regulators: ‘Try and Keep Up’ With Technology Innovations
As insurers try to innovate and address the rapidly changing needs of their clients, Lloyd's of London CEO Inga Beale has a message for regulators who oversee them: "Try and keep up." Beale, speaking ...
Chubb Boosts Broker Interactions in UK and Ireland
Chubb said it has completed the creation of six teams to focus on working with independent brokers across the UK and Ireland. The new Chubb teams are in London, Leeds, Manchester, Birmingham, Glasgow ...
XL Catlin, Nature Conservancy Will Invest in Coastal Wetlands to Mitigate Storm Damages
When Hurricane Sandy hit the U.S. East Coast in October 2012, its 80-mile-per-hour winds and the resulting flooding did about $71 billion in damage. After the storm, researchers found that natural ...
Lloyd’s Terminates Ties With All NRA Insurance Programs
Lloyd's of London has directed its underwriters to terminate any insurance programs they have with the National Rifle Association (NRA) and to not enter into any new ones. "The Lloyd's Corporation ...
The Latest Launches From Great American, Generali and XL Catlin
Great American Insurance Group is working with another party to launch a national coverage program for repair shops in the U.S. focused on antique and classic car restoration. Generali's Global ...
AI Could Boost Insurer Revenue and Jobs, But Resistance to Change Remains: Accenture
Artificial intelligence could create significant boost for insurers in both revenue and employment, but they risk missing out if they don't switch soon, according to a recent Accenture report. That ...
Nationwide Makes Strategic Investment in InsurTech Startup Betterview
Nationwide said its venture arm has made a strategic investment in Betterview, a machine learning InsurTech startup that focuses on capturing and analyzing data from drones, satellite and other ...