Strategy
Aon Ends Most COVID-19-Related Salary Cuts Except for Named Executives
Aon will end the salary cuts implemented in May as a response to the economic uncertainties caused by the COVID-19 pandemic. Effective July 1, Aon ended the salary cuts and will colleagues for the ...
Allianz CEO Baete Predicts 2021 Recovery Barring Another Major Coronavirus Hit
Allianz, which is facing headwinds from the coronavirus crisis, expects to be back on track in 2021 barring a second major outbreak or financial market correction, the German insurer's chief ...
Helping Employees Return to the Workplace: Leadership Tips
With most of the world beginning to reopen after months of pandemic lockdown, it's time for businesses to begin implementing their plans for re-entry to the workplace. Among the expert tips: ensure ...
Musk Paid Nearly $1M by Tesla for His Controversial D&O Insurance Arrangement
Tesla Inc. is making a one-time payment of almost $1 million to Chief Executive Officer Elon Musk related to a controversial insurance arrangement he agreed to with the carmaker's board earlier this ...
Nationwide Becomes Fully Independent Agency Carrier on July 1
Nationwide said it will complete an 18-month transition on July 1 to operate as a fully independent agency carrier. With that milestone date, more than 99 percent of the company's formerly captive ...
German InsurTech Friendsurance Turns to Debt Financing as Funding Alternative
Many InsurTech startups pursue venture capital or equity financing to fuel their growth (the sale of stock to investors who gain ownership interest in return). Germany's Friendsurance recently took a ...
Liberty Mutual’s Safeco, Heritage Insurance to Take Over AIG’s Upper Middle Market Biz
American International Group is transferring part of its personal insurance business for upper middle market clients to Liberty Mutual's Safeco Insurance and Heritage Insurance Holdings, a ...
Why Ecosystem Distribution in P/C Insurance Is Critical Now
Even before COVID-19, the property/casualty insurance industry was making the move toward digital in distribution as well as other areas of the business, such as claims and pricing. Ecosystems in ...