Strategy
ACE CEO Warns Insurers May be Taking on Too Much Risk Again
Ace Ltd. Chief Executive Officer Evan Greenberg said there are signs the insurance industry is entering another era of taking on too much risk as competition pressures companies to lower prices to ...
Zurich’s Declining Earnings Leads to Desk Sharing, Shrinking Office Space
Zurich Insurance Group AG, Switzerland's largest insurer, is shrinking office space at a key unit and will ask staff to share desks to help reverse a drop in earnings. The steps are needed to help ...
Insurance Outsourcer Patriot National Pays $10M For Software/Services Outfit
A company that handles insurance industry outsourcing in the workers compensation space has snatched up a business that provides software and services to P/C companies. Specifically, Patriot National ...
As P/C Companies Turn to Predictive Analytics, Some Underwriters are Wary
If you're wondering how important predictive analytics is becoming to property/casualty insurance companies, consider this: 56 percent of industry respondents in a new survey said they plan to start ...
Willis to Compete With Banks Pursuing Asia M&A
Willis Group Holdings Plc's Rafal Walkiewicz and Michael Guo, who were promoted last week to lead the investment-banking operation, are focusing on Asia as they vie with Wall Street in advising ...
Aspen and Starr to Jointly Underwrite International Property Insurance
Aspen Insurance and Starr Companies sealed an agreement to jointly underwrite international property insurance. Neither side is disclosing financial terms. But they'll focus on European companies ...
EXOR Avoids Hedge Fund Approach in $6.4B PartnerRe Bid
The Agnelli family's EXOR SpA, known for investments in cars and soccer, is dismissing the prevailing reinsurance strategies as it seeks to push into the industry with a $6.4 billion takeover. EXOR ...
TigerRisk Brings on Willis Vet Ursano as New President
TigerRisk Partners is bringing on a veteran Willis cat bond executive as its new president. The Connecticut-based reinsurance broking and risk/capital management firm said it has appointed Tony ...