Commercial Lines
Allianz CEO Says Market Panic Over Coronavirus Isn’t Warranted
Markets are overreacting to the threat of the rapidly spreading coronavirus and the global economy will only see a short-term impact, said the head of Allianz SE, Europe's biggest insurer. Chief ...
CNA Chooses Miralles as Its New CFO
CNA's CFO slot has a new person in the role. The Chicago-based property/casualty insurer said it appointed Al Miralles as executive vice president and chief financial officer. He replaces James ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
The Latest Launches From Nationwide, Bold Penguin and Neptune Flood
Nationwide said it is beefing up its coverage of homeowners with connected devices through a new partnership with Notion. Bold Penguin, a commercial insurance technology provider, has added ...
Progressive Plans to Hire Up to 8,000 Additional Employees in 2020
Progressive said it plans to hire as many as 8,000 new employees nationally in 2020 to help propel continued growth in auto, property, commercial lines and recreational products insurance. Hiring ...
Arch Capital Acquires Minority Stake in Trade Credit Insurer Coface
Arch Capital Group Ltd. has purchased a minority stake in Coface, a trade credit insurer based in France. The transaction involves the acquisition of a 29.5 percent stake. Arch will pay €10.70 per ...
Wells Fargo Will Fork Over $3B to Settle Consumer Abuse Allegations
Wells Fargo & Co. will pay $3 billion to settle U.S. investigations into more than a decade of widespread consumer abuses under a deal that lets the scandal-ridden bank avoid criminal charges. ...
Dearly Departed InsurTechs: Expect Their Numbers to Rise
For every Lemonade and Root that launches with great fanfare, attracts hundreds of millions of dollars in venture funding and publicizes every facet of its growth, there are many InsurTechs that ...
Andersen Named Aon President as Former Co-Leader O’Connor Exits
Aon plc named Eric Andersen as president of Aon, reporting to Greg Case, the firm's CEO. Since May 2018, Andersen and Michael O'Connor had served as Aon co-presidents. Aon said O'Connor is departing ...