Commercial Lines
Allianz Q3 Profit Drops 15% After Plunge in P/C, Asset Management Earnings
Allianz SE, Europe's biggest insurer, said third-quarter profit dropped 15 percent as earnings at its property and casualty and asset management units declined. Net income fell to 1.36 billion euros ...
The C-Level Actuary
Actuaries have always been involved in the management of risk, and more and more we are seeing actuaries take on roles that may be considered outside of the realm of "traditional" actuarial work, ...
Guy Carpenter Survey Reveals New Products as Biggest Growth Opportunity in 2016
New products represent the biggest growth opportunity for (re)insurers in the year ahead, according to a new survey from global risk and reinsurance specialist Guy Carpenter & Co. The fourth ...
Heritage Insurance, Looking Beyond Florida, Reports Big Q3 Gains
Heritage Insurance Holdings, a Florida-based property/casualty insurance holding company pursing expansion into multiple states, reported big gains across the board for its 2015 third quarter. The ...
Munich Re Takes Big Tianjin Explosion Hit; XL Catlin, Allied World Impacted Less
Munich Re, XL Group and Allied World are among the latest insurers and reinsurers disclosing catastrophe costs stemming from the Tianjin port explosion in China earlier this fall, and the hits range ...
Zurich Favors Spending Its $3B on Acquisitions; Q3 Net Income Plunges
Zurich Insurance Group would rather invest the company's $3 billion in excess capital on acquisitions than return the cash directly to shareholders, Chief Financial Officer George Quinn said in an ...
Novarica: U.S. Small Commercial Insurance Market Slowly Warming to Online Sales
Few carriers in the U.S. small commercial insurance market are relying on direct online sales right now. But the number is growing, and it could become quite large within the next five years, ...
AIG CEO Reportedly Warns Staff Lifetime Employment Is Not Guaranteed
American International Group Inc. Chief Executive Officer Peter Hancock, who is shrinking the company while fighting off an activist investor, told staff that they can't all count on lifetime ...