Open Letter to Carriers: R&D Investment Needed to Close the Gap
What is the purpose of the insurance sector? Presumably, it's to provide financial security to individuals, enterprises and communities by transferring risk in a way that ...
Strategy
How Loggerhead Moved to Snap Up 110,000+ Progressive Policies in Florida
In early 2021, former executives with the Auto Club Insurance Co. of Florida, affiliated with AAA, decided to form a new property insurance company in Florida — even ...
Carrier Management’s Top 10 Features (2013-2023)
Today's newsletter provides free access to the 10 most-read feature articles published by Carrier Management in 2023. It's just a small sample of the content written by property/casualty insurance ...
Apollo-Owned Aspen Insurance Files for IPO in U.S.
Private equity firm Apollo-owned Aspen Insurance on Wednesday filed its paperwork for an initial public offering in the United States, according to a regulatory filing.
The ...
Prepare for the Soft Market: Why You Need to Set Performance Metrics Now
On the face of it, it appears to be a good time to be an underwriter. A combination of historic underperformance, an elevated risk outlook and investor reticence is encouraging underwriters to push ...
A Turnaround Story: Boost People, Then Financial Results, Aspen CEO Says
The turnaround at Aspen Insurance Holdings—the result of a multipronged, multiyear effort—is bearing fruit with a return to consistent profits. Mark Cloutier, ...
Why Strategic Implementations Fail and the Counterintuitive Way to Address It
What do you think is the biggest threat facing property/casualty insurers today?
Is it escalating claim volumes? Litigation? Higher ...
Artificial Intelligence Not Main Cause of Recent Insurance Layoffs: AM Best
AM Best does not believe artificial intelligence is the main cause of recent insurance industry layoffs. In commentary released today, the credit rating agency wrote that "it is too soon to cite AI ...
Zurich’s Farmers Seeks More Fee Income Via Broker Acquisitions
Zurich Insurance Group announced that its subsidiary, Farmers Group Inc. (FGI), has agreed to acquire three insurance brokers of the Farmers Exchanges for $760 million. The deal also includes the ...