Global Economy
Global Insurance Rate Decreases Moderated Yet Again in Q4: Marsh
Global insurance rate decreases moderated on average for the fourth consecutive quarter, down 3.1 percent (compared to the previous quarter's decrease of 3.2 percent), according to Marsh's Global ...
Allianz Profit Climbs, $3.2B Share Buyback to Come
Allianz SE reported a 23 percent increase in fourth-quarter net income and announced its first-ever share buyback as Europe's biggest insurer makes good on a promise to return excess cash to ...
Lloyd’s to Name Ex-CEO of Marsh Europe as New Chairman
Bruce Carnegie-Brown, former CEO of Marsh Europe and non-executive chairman of Aon UK, will shortly be named the new chairman of Lloyd's, according to market sources. He succeeds John Nelson, who had ...
How to Better Tell the Insurance Industry’s Story and Attract New Employees
What if I told you I work in a business that helps farmers in Kenya and Rwanda maintain their standard of living when drought destroys their crops? Or that my company replaces the income of small ...
CNA Brings on Ex-Endurance Exec Worman as Chief Underwriting Officer
CNA has chosen a former Endurance executive to fill the newly-created position of executive vice president and chief underwriting officer. Douglas Worman will take on his new duties on March 7. He'll ...
UK Reportedly Set to Unleash Brexit Trigger Within Three Weeks
Prime Minister Theresa May intends to trigger Britain's withdrawal from the European Union as close as possible to the EU summit taking place on March 9 and March 10, according to two government ...
Solvency II Is Boosting Reinsurance Demand, 1/1 Renewals Show
The January renewals period show that Solvency II will increase demand for reinsurance products as European insurers attempt to strengthen their capital position through risk transfers, Fitch Ratings ...
Verisk Analytics, Capgemini Make Insurance Industry-Focused Acquisitions
Verisk Analytics has snatched up Healix Risk Rating, a company focused on automated medical risk assessment for the travel insurance ratings. Financial terms were not disclosed, although the deal is ...