Strategy
USAA Wants to Survey Disaster Site Damage With Drones
United Services Automobile Association, the provider of insurance to military families, is seeking permission to use unmanned drone aircraft to survey damage at disaster sites. USAA requested ...
MBIA Lures Barclays Exec to Lead Muni-Bond Insurance Arm
MBIA Inc. hired Tom Weyl from Barclays Plc to head efforts to win business at its municipal- bond insurance unit. Weyl will start by year-end as managing director and head of new business development ...
Allianz Makes More Management Changes
Allianz SE is continuing to revamp its executive roster. The same day that it announced its CEO will step down next year, the company disclosed more staff shuffling. Allianz Global Corporate & ...
Allianz CEO Will Step Down In Wake of PIMCO, Fireman’s Fund Challenges
Allianz SE said Chief Executive Officer Michael Diekmann will step down next year and named board member Oliver Baete to succeed him as it grapples with upheaval at Pacific Investment Management Co. ...
U.S. Regulator Issues Caution Over Bond Market ‘Bubble’
The U.S. bond market may be teetering on the brink of a "liquidity cliff" and appears to be an asset "bubble" that could burst once interest rates start to rise again, a top U.S. securities regulator ...
Tokio Millennium Re Chooses New CEO From Within
Tokio Millennium RE AG has named a new CEO, promoting from within as part of a series of new executive and board appointments. Stephan Ruoff will become chief executive officer of the reinsurance ...
Aon Benfield Launches New Private Charter Aviation Policy
Aon Benfield has rolled out a new kind of insurance coverage that it suggested could spur business expansion in private charter aviation. Ostensibly, the coverage is designed for SHY Aviation, an ...
Aon, Marsh & McClennan Fill Executive-Level Slots
Rival insurance brokers Aon plc and Marsh & McClennan Cos. both recently filled major executive-level positions. Over at Aon, Andy Weitz becomes the new senior vice president of global marketing ...