Strategy
Small Business Cyber Risk Awareness Rises: Zurich Survey
One way to reduce cyber risks is to boost awareness of them. In that regard, Zurich Insurance Group says, there has been big progress in terms of getting the word out among small and medium-sized ...
AIG’s Schimek Sees Continued Combined Ratio Improvement in 2017
AIG has made good progress toward achieving its strategic goals of creating "a leaner, more focused, highly profitable commercial insurance organization," according to Robert S. Schimek, executive ...
Large Insurers May Gain as a Trump Administration Deregulates
Wide-ranging financial industry deregulation under President-elect Donald Trump could benefit large insurers, particularly those such as AIG and others deemed as systemically important under current ...
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 ...