Global Economy
The Latest Launches from Willis Towers Watson, GEICO, Ironshore and AIR Worldwide
Willis Towers Watson unveiled a slew of new analytic tools targeted to cyber and other risks. An Ironshore arm beefed up its director's and officers liability coverage for financial institutions in ...
Swiss Re, Generali, Gulf Re Execs Tapped to Lead Aspen’s Dubai Expansion
Aspen Insurance Holdings Ltd. hired senior underwriting managers for a new Dubai reinsurance operation as the company seeks expansion in the Middle East and Africa. Peter Thompson, formerly of ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
BMW Debuts ReachNow Car-Sharing Service in Seattle; U.S. Expansion Eyed
Germany's BMW launched on Friday a car-sharing service in Seattle, where it will offer customers the use of 370 BMW and Mini vehicles, before expanding to other cities in the United States. ...
Ironshore Acquires Remainder of Tennessee Surety Bond Specialist
Ironshore Inc. is diving deeper into the surety market with plans to buy up the remaining 80 percent of an insurance holding company specializing in surety bonds that it doesn't already own. The ...
European Insurance Industry Fintech Upgrades Threaten Thousands of Jobs
The rush is on to replace people with software in Europe's insurance industry as cost cutting and automation become increasingly crucial to bolstering earnings. Zurich Insurance Group AG is ...
Emerging Markets Embrace Ecommerce Tech Quicker Than Developed World
Emerging markets are not necessarily unsophisticated about technology, and insurers and other merchants might want to take note. A new analysis looked at 16 growth markets and found that commerce ...
Executives On The Move at Chubb, BHSI, Great American, PCI and More
Berkshire Hathaway Specialty Insurance hired a veteran AIG executive. Chubb promoted one of its own to a leadership position in its North America Commercial Insurance division. Great American ...
Lloyd’s America Chief Sells Benefits of E&S Sector to Students and Execs
If insurance is the best kept secret in the business world, then the E&S sector is the best kept secret in the insurance industry. That's according to Hank Watkins, president of Lloyd's America, ...