Strategy
IT, Big Data Experts Among 1,300 Employees Progressive Will Add by Year-End
The Progressive Group of Insurance Companies said it plans to hire more than 1,300 people by the end of 2016, focusing in part on beefing up its IT and big data capabilities. Information technology ...
Fresh Strategies, Experience, Tech and Innovation Can Help Insurers Succeed
If guesswork is the enemy of business efficiency, then precision is efficiency's closest friend. Whether speaking about an automaker's assembly line or a consumer's wireless communications, this ...
Tokio Marine Rebrands a Subsidiary to Better Capture More U.S. Business
A subsidiary of Japanese property/casualty insurance giant Tokio Marine is rebranding with an eye on capturing more commercial business from U.S.-headquartered companies. The unit, formerly known as ...
Hartford Reportedly Working With JPMorgan to Unload Annuity Runoff Biz
Hartford Financial Services Group Inc. is working with JPMorgan Chase & Co. to see if the insurer can find a buyer for Talcott Resolution, the unit that includes U.S. variable annuities, ...
P2P Insurance Startup Lemonade Makes New York Debut; Further Expansion ‘In Due Course’
Peer-to-peer insurance startup Lemonade is open for business in New York, nine months after the startup's debut and initial venture funding announcement. The New York-based company said that it now ...
Zurich Combines Corporate/Commercial Arms Into Single Unit; Ex-AIG Exec to Lead It
Zurich Insurance Group disclosed plans to combine its Corporate and Commercial businesses into a single Commercial Insurance unit, and a former AIG executive will help lead it. James Shea will be ...
Berkshire Hathaway’s Combs Named to JPMorgan’s Board as Banking Ties Grow
Berkshire Hathaway Inc.'s Todd Combs has been named to the board of JPMorgan Chase & Co., helping him build expertise beyond investment management and expanding the ties of Warren Buffett's ...
Wells Fargo Lesson: Culture Work Hard for Growing Cos., Says Markel CEO
It's not uncommon for one of the leaders of Markel Corp. to be greeted by an employee intent on giving him "what for" about something going on at the company as he exits his car in the morning. ...