Strategy
China Reportedly Launching $6.5B Trust Insurance Fund
A planned insurance fund for China's trust industry will have an initial size of around 40 billion yuan ($6.47 billion), the state-owned China Securities Journal reported on Saturday, citing ...
Novarica: Large P/C Companies Widen Lead in Advanced Technology Race
Large property/casualty insurers are widening their lead over small- and medium-sized competitors in the race to add advanced technologies into daily work, Novarica concluded in a new report. ...
CinFin Eyeing High-Net Worth Market Biz Expansion
Late last week, Cincinnati Financial Corporation announced a five-year plan for its lead property/casualty insurance subsidiary, The Cincinnati Insurance Company, to bring enhanced insurance products ...
Allianz Announces New Leadership for Fireman’s Fund, AGCS NA Combo
German insurance giant Allianz announced a new team that will lead the combined Fireman's Fund and Allianz Global Corporate & Specialty North American business beginning in 2015. Andrew Torrance, ...
Kemper Eyes California Auto Expansion With $70M Alliance United Bid
Kemper Corp. will snatch up Alliance United Group and its subsidiaries for about $70 million, a move that fuels a California expansion for the company. Assuming regulatory and other conditions can be ...
Insurers Win House Passage of Dodd-Frank Capital Standards Revision
The U.S. House of Representatives approved a bill that would ease capital and liquidity standards for insurers under the Dodd-Frank Act. A major insurance lobbying group, meanwhile, heralded the vote ...
Financial Institution Cyber Defenses Attract U.S. Regulatory Scrutiny
U.S. regulators on Wednesday said they were stepping up efforts to examine financial institutions' defenses to ward off cyber attacks, as a top FBI official warned of new "increasingly complex" ...
TRIA Reauthorization Passes House With Higher Government Involvement Threshold
The U.S. House voted Dec. 10 to extend by six years a federal backstop for insurers offering coverage against terrorism, advancing efforts to retain a program created in response to the attacks of ...