Strategy
Towers Watson: Global Insurers Increasingly Rely on Enterprise Risk Management
Close to 75 percent of global insurers insist they use enterprise risk management regularly to evaluate their business strategies, according to a new Towers Watson survey. At the same time, carriers ...
Berkshire Hathaway Specialty Insurance Jumps Into Australia Market
Berkshire Hathaway Specialty Insurance Company is moving into the Australian market. Executives launched operations for the insurer in Sydney. BHSI will offer property, casualty, financial lines and ...
Preparing Your Organization for Digital Transformation
There is little consensus in the insurance industry on what exactly is included in "digital strategy." Most insurers typically mean agent portals, customer portals, corporate sites and online ...
Munich Re’s Hartford Steam Boiler Invests in ‘Internet of Things’ Tech Startup
Munich Re's Hartford Steam Boiler made a seed stage investment in Waygum, a technology startup focused on building a mobile app platform for the Industrial Internet of Things. HSB isn't disclosing ...
Proposed IRS Rules Could Threaten Paulson, Highbridge Bermuda Ventures
Investment vehicles set up by Paulson & Co. and Highbridge Capital Management in tax-friendly Bermuda may be under threat from the U.S. Internal Revenue Service. The IRS, in proposed rules ...
Willis Group’s $590M Buy of France’s Largest Broker to Give it Global Reach
Willis Group Holdings Plc, the third-largest insurance broker, offered to buy the 70 percent of Gras Savoye that it doesn't already own to expand in France, Eastern Europe and the Middle East. Willis ...
U.S. House Approves Cyber Threat-Sharing Bill
The U.S. House of Representatives passed a bill on Wednesday that would make it easier for private companies to share information about cybersecurity threats with the government without fear of ...
P/C Insurer Mergers: Reaching the Tipping Point
The growing number of reinsurance mergers is understandable considering that the flood of alternative capital has upended the industry's economics. If companies don't lower their cost of capital and ...