Strategy
Wells Fargo Will Get Out of Personal Insurance Business
Wells Fargo & Co said on Tuesday it would exit the personal insurance business and immediately begin winding down marketing and product promotion activity. Wells Fargo's personal insurance ...
QBE’s Global Strength: A Pillar of North America Strategy
QBE North America's activities in the wake of this year's hurricanes demonstrate the strength of the entire QBE global enterprise, measured with gauges beyond financial capital. Russell Johnston, QBE ...
Ascot Re Begins in Bermuda; Berger Appointed as CEO
Ascot Group Ltd. has launched Ascot Reinsurance Co. Ltd. after receiving approval from the Bermuda Monetary Authority (BMA). Ascot Re has received an additional injection of $1 billion of funds and ...
Chubb Takes Deeper China Dive Through Multiyear Partnership Agreement
Chubb signed a 10-year strategic cooperation deal with a Chinese insurer that lets it take a deeper dive into China's market. The agreement is with PICC Property & Casualty Company of China., and ...
Sompo International Expands, Addresses Brexit Worries With New EU HQ
Sompo International Holdings Ltd. plans a European expansion with a new headquarters on the continent, a move that also addresses uncertainty over the Brexit process. The Bermuda-based insurer and ...
The Latest Launches From Palomar Specialty, Pen Underwriting/QBE and Starr Companies
Palomar Specialty Insurance Company expanded its residential earthquake insurance product into several new states. Pen Underwriting extended its strategic relationship with QBE into the Republic of ...
Insurers Are Increasing Their Investment Risks, EU Regulator Survey Shows
Insurance companies in search of yield have increased their exposure to bonds with lower credit ratings and to less liquid securities like non-listed equities and loans, according to a survey by ...
Laying the Groundwork for an Innovative Culture
The insurance industry is facing a sustained period of transformative disruption that's largely based on new competitors and technological advancement. Consider that 86 percent of insurance CEOs ...