Commercial Lines
Spanish Insurance Giant MAPFRE Enjoys Home-Grown Rebound
MAPFRE SA, Spain's biggest insurer, recorded a 6.9 percent rise in net income last year on higher returns in its home market. Net profit grew to 845 million euros ($956 million) from 790.5 million ...
OneBeacon’s Adverse Reserve Developments Draw Fitch and Moody’s Attention
OneBeacon Insurance Group has been dealt a ratings outlook warning from Fitch Ratings and an outright downgrade from Moody's Investors Service, stemming from substantial adverse reserve development ...
Risk Managers Want Carriers, Not Just Brokers, Involved in Service
While commercial insurers have traditionally relied upon insurance brokers to manage customer relationships, large company risk managers are looking for both parties to work together to meet their ...
Low Cost Robots Seen Replacing More Factory Workers: Research
The falling cost of industrial robots will allow manufacturers to use them to replace more factory workers over the next decade while lowering labor costs, according to new research. Robots now ...
Aon Plc: U.S. Northeast Blizzard Left $500M in Economic Losses Behind
The Northeast U.S., including New York and Massachusetts, sustained at least $500 million in economic losses last month when a winter storm ripped through the region, Aon Plc said. The blizzard from ...
Zurich Commercial Transformation: From Conventional Wisdom to Data-Driven Pricing Insights
The merchants, captains and ship owners who congregated in Lloyd's Coffee House in the late 1600s, where they discussed shipping and insurance deals, could not have predicted that their hunches ...
Towers Watson: Insurers Worry About Flat Growth and Low Interest Rates
Most insurers expect business conditions to remain flat or even become worse over the next few years. Within that context, regulatory changes and continued low interest rates remain their top ...
CNA Brings on New Senior VP For Healthcare
CNA Financial Corp. has hired on a new senior vice president for its healthcare sector segment. Glen Curley will take over the slot as of Feb. 23. He replaces Andy Shapiro, who is stepping down due ...