Strategy
AXA XL Advances Alternative Capital Biz by Buying 100% of New Ocean
AXA XL's reinsurance operation has completed the acquisition of all third party ownership interests in its majority-owned asset management affiliate, New Ocean Capital Management Ltd. New Ocean is ...
The Latest Launches From Willis Towers Watson and Travelers
Willis Towers Watson is debuting cover designed to address cyber exposures affecting airports around the globe. The Travelers Companies will pair with two other outfits to explore the potential ...
China’s Ping An Insurance Invests in German Fintech Incubator
Ping An Insurance Group Co., China's biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany's Finleap GmbH in its latest round of funding. The ...
Liberty Mutual Establishes New U.S. Distribution Model
Liberty Mutual said it is establishing a new distribution model for its U.S. commercial and specialty insurance products, with a goal of improving broker access to the offerings. To accomplish this, ...
Nationwide Plans to Slash More Than 1,000 Jobs
Nationwide intends to eliminate the jobs of about 1,100 employees across the country _ around 3.6 percent of its workforce. The insurance and financial services company says about 80 workers in Des ...
Swiss Re Backs Cover of U.S. Solar Power Output Risks
A tool designed as an insurance policy for solar-power generation will be used to manage the risk associated with U.S. residential systems for the first time as part of a financing agreement backing ...
If You Take Risk Aversion Too Far, You and Your Company Won’t Grow
Executives on the rise are generally risk-averse people. That makes it necessary to fight that tendency if you want to rise through the ranks, according to a new writeup at the KelloggInsight blog. ...
UK Cabinet Backs May’s Brexit Plan; Divisions Remain
After more than five hours of being locked away with her Cabinet, Prime Minister Theresa May emerged from her office and in less than five minutes announced she'd wrested their backing for her Brexit ...