Strategy
Allstate CEO Wilson Pledges Rebound for Auto Insurance Combined Ratio
Allstate Corp. Chairman and CEO Thomas Wilson assured investors this week that the insurer is working hard to improve its automobile combined ratio, which spiked six points to 101.4 in the 2015 ...
Insurance Execs Struggle to Kindle the Innovation Spark: KPMG Survey
While insurance executives overwhelmingly know that innovation will drive future competitive advantage and growth, most seem to be struggling to kindle the spark within their organization, finds a ...
New Product Alert: XL Catlin, Aon Benfield, AIR Worldwide and More
XL Catlin recently unveiled new commercial crime insurance for the U.S. market. The policy is available on a primary, excess and quota share basis with policy limits up to $25 million. It includes ...
Thoughts on Cleaning Up the Claims Department
It would be an understatement to say that the insurance industry has a few problems involving consumer loyalty, and claims issues certainly don't help. A recent Accenture Report found that 14 percent ...
Want to Retire at 65? (Many People Can) Forget About It
Approximately 60 percent of workers won't be able to maintain their living standards if they retire at age 65 because they are woefully behind in saving the money they'll need, a new Aon Hewitt ...
ACE Fleshes Out Post-Chubb Merger North American Executive Team
ACE Ltd. has fleshed out the leadership team for its post-merger North America business units and major product lines. The crew set to take charge once ACE's $28.3 billion acquisition of The Chubb ...
Japan’s Mitsui Sumitomo Insurance to Snatch Up Amlin for $5.3B
MS&AD Insurance Group Holdings Inc. agreed to buy Lloyd's of London insurer Amlin plc for about 3.47 billion pounds ($5.3 billion), joining an overseas deal spree by Japanese peers. Amlin shares ...
AIG Aims for Couture Crowd With Designer Clothing Coverage
American International Group is aiming for more high net worth policyholder business with new coverage for couture and other designer clothing – items than can be worth thousands of dollars. AIG is ...