Strategy
XL Group Expands in Texas
XL Group, a global insurance and reinsurance company, is expanding its operations in Texas. Specifically, the company said it is boosting global risk management, construction specialty and inland ...
AIG, Aspen and More Link to Access Underserved Developing Markets
A number of insurance stalwarts including American International Group and Zurich Insurance Group plan to launch microinsurance ventures designed to improve risk protection for underserved markets in ...
Why Insurance Leaders Should Pay Attention to Omnichannel
There are more than 70 million Americans between the ages of 18 and 34, according to the U.S. Census Bureau. And while we'd love for 400,000 of them to pursue careers in risk management and ...
Willis Will Grab Majority Stake in Miller, Enabling Growth in Wholesale Market
Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to take a majority stake in Miller Insurance Services LLP to add shipping clients. Willis will take an 85 percent ...
An Imminent Need in Asia: Develop and Retain Local Insurance Talent
The Asian insurance sector has endured a radical transformation during the past decade, imposed by a combination of global and regional influences as well as demands made by a more sophisticated and ...
State Auto Discloses Strengthened Prior Year Loss Expense Reserves
State Auto Financial Corp., a super regional property/casualty insurance holding company, has disclosed two big financial developments: strengthened prior year loss expense reserves and an adverse ...
AIG to Grow in Ireland With a Health Insurer Acquisition
American International Group is expanding its health insurance offerings with a new acquisition in Ireland. AIG said it will buy Layla Healthcare, Ireland's second largest health insurer, and that ...
Karen Clark Rolls Out New U.S. High-Res Storm Surge Model
Karen Clark & Co. is rolling out a new U.S.-focused high-resolution storm surge model. The catastrophe risk company said the new model brings advances to the market including fully transparent ...