Strategy
AXIS CEO: Layoffs, Australia Retail Change Part of Ongoing Revamp
AXIS Capital Holdings is cutting 100 jobs and winding down its retail insurance business in Australia, two months after cancellation of its planned merger with PartnerRe. The Bermuda-based specialty ...
Allianz, AIG, Others Start Commercial Drone Insurance Association
Allianz and AIG partnered with a major aviation insurer, a specialized broker and an attorney to launch a new trade association focused on the surging commercial drone industry. The Unmanned Aircraft ...
Funding For Employee Bonus Pools Falls Short Again: Towers Watson
For those hoping for annual employee bonuses, 2015 is turnout out to be another tough year, even as companies struggle to attract and keep vital staff members. U.S. employers won't fully fund their ...
Catholic Mutual, Church Mutual Insurance Co. Form Business Alliance
Two mutual insurers who generate their business from the Catholic Church and other religious organizations are forming a strategic alliance that will expand each other's reach. Catholic Mutual Group, ...
ACE’s Andrade to Run Post-Chubb Merger International Non-Life Business
ACE Ltd., in the final months of concluding its $28.3 billion acquisition of The Chubb Corp., has appointed one of its own to lead the company's combined international non-life insurance operations. ...
Hamilton Insurance CEO Seeks More Acquisitions; IPO is Likely
Hamilton Insurance Group Ltd., the company backed by hedge fund firm Two Sigma, is seeking more takeovers as Chief Executive Officer Brian Duperreault builds a business that he expects to take ...
Watch This Video: Lloyd’s CEO Beale Details Progress on Expansion
Lloyd's of London CEO Inga Beale has plenty to say about expansion these days. During the recent reinsurance Rendez-Vous in Monte Carlo, she spoke, in part, about Lloyd's progress in expanding access ...
ACE Buys 24% Stake in Tech Outfit Developing Online Commercial Insurance Platform
CoverHound has raised $33.3 million in a financing round led by ACE Group, which the company plans to use to build an online commercial insurance platform starting with businessowners policy ...