Strategy
AIG to Lose $430M on Fuji Sale, Gain $300M on Seoul Transaction
American International Group Inc., the insurer that's shrinking to free up capital for shareholder buybacks, said it expects to book a loss of about $430 million on the previously disclosed deal to ...
Targeting Millennials, Allstate Offers $2 On-Demand Road Rescues for Turkey Day
On Nov. 23—the day before Thanksgiving—Allstate announced that it is offering $2 roadside rescues for 1,000 stranded motorists experiencing common roadside emergencies, such as flat tires, dead ...
USAA Leads Insurers Flocking to Exchange-Traded Funds
The booming demand for hot exchange-traded funds has finally caught up with the staid, sleepy insurance industry. U.S. insurers are the latest group of investors to start buying ETFs en masse, with ...
No Plan for Job Cuts in Zurich’s $1.5B Cost-Cutting Moves
Zurich Insurance Group AG raised its target for cost cuts and dropped plans to eliminate jobs as Chief Executive Officer Mario Greco overhauls Switzerland's largest insurer. The shares rose. The new ...
Regulators, Insurers Need to ‘Prove Value-Add’ as Disrupters Gain Traction
Property/casualty insurance executives may be worried about disrupters discovering novel ways to connect with their hard-earned policyholders, but an insurance regulator with a reputation for ...
Keith Moore Answers Questions About Innovation in Insurance
In addition to talking about his career journey to become CEO of CoverHound, Keith Moore answered a few questions for Carrier Management about the insurance industry and technology. Q: What do you ...
AIG Agrees to Sell Japan Life Business to Hong Kong’s FWD Group
Hong Kong tycoon Richard Li is poised to buy American International Group Inc.'s Fuji Life Insurance Co. business, a deal that marks his FWD Group's first foray into Japanese insurance. AIG will ...
Seven Markers of Success: An Investor’s Advice to Industry Leaders
As an investor, my goal is to find companies that can differentiate themselves strategically to drive sustainable growth. That focus may seem self-evident, but it had to be learned. In particular, ...