Strategy
Blackstone Eyes Insurance With Expansion Into Portfolio Risk Analytics
Blackstone Group LP has bigger plans for insurance companies than just managing their money. The world's largest private equity firm is expanding into a lucrative business dominated by BlackRock ...
A Phone Call From AIG’s Duperreault; A Deal 72 Days Later
It started with a phone call—from American International Group's Brian Duperreault to Validus Holdings' leader Ed Noonan. Roughly two-and-a-half months later, including time for just over one month ...
Commercial Cyber Liability Market Will Reach $6.2B in Written Premium by 2020: Verisk
The total commercial cyber liability market will reach $6.2 billion in written premium by 2020 after annual growth rates of 20-30 percent, Verisk predicts in a new market analysis. "Cyber liability ...
Travelers to Help Test Virtual Reality Tech as Workers Comp-Related Pain Treatment
The Travelers Companies is part of a new pilot project testing virtual reality and wearable technology to treat pain and better manage workers compensation risks. Cedars-Sinai Medical Center, Samsung ...
From a Romantic Swiss Hotel to Mega-M&A Deal: The AXA/XL Story
FROM THE ARCHIVES: A VINTAGE M&A ARTICLE FROM 2018 This narrative of the events that led up to the deal is the result of on- and off-record interviews and briefings with more than half a dozen ...
Sompo International Rolls Out European Specialty Insurance Underwriting Division
Sompo International is launching a new European specialty insurance underwriting operation. The Bermuda-based specialty provider of property/casualty insurance said the division initially will focus ...
Insurers Pursuing IT Transformations Must Up Their Recruiting Game
Insurance industry demand for talent in areas such as big data will likely "exceed available supply by a factor of four," according to a new blog posting from McKinsey & Company. That reality ...
NAMIC CEO Chamness Sounds Off on Flood Insurance and Disaster Relief Reform
Reform of the National Flood Insurance Program remains an unresolved issue. Congress must reauthorize the debt-ridden Federal Emergency Management Agency-managed program by March 23. It already has ...