Markets
Generali and Progressive Will Jointly Pursue Telematics Research
Europe's The Generali Group and Progressive Group of Insurance Companies of the U.S., both among the leaders in car insurance telematics, said they have entered into an research and development ...
S&P Boosts Outlook for PartnerRe, Reassured by Its Hands-Off Owner EXOR
PartnerRe gets an outlook upgrade courtesy of Standard & Poor's, due in part to the ratings agency's admission that the reinsurer remains relatively autonomous from its new owner, EXOR. Standard ...
Ex-Chubb Exec to Run W.R. Berkley Corp.’s New Transactional Risk Division
A former Chubb executive will help run a new arm of W.R. Berkley Corp. Randolf Hein has been named president of the new Berkley Transactional, a fledgling division of Berkley Professional Liability ...
Willis Towers Watson Will Pay $120M to Settle Stanford Ponzi Scheme Suit
The insurance brokerage Willis Towers Watson Plc has agreed to pay $120 million to settle litigation accusing it of helping now-imprisoned Texas financier Allen Stanford run a $7.2 billion Ponzi ...
China Now Lets Insurers Invest in Hong Kong Stocks Via Link
China has opened up a new channel for insurers to invest in Hong Kong equities. Insurance funds are now allowed to buy the city's shares through an exchange trading link with Shanghai, the China ...
Millennials Prefer Online Shopping, Hate ‘Being Sold to’: Novarica Report
Carriers looking to attract millennial consumers need to make it easy to research and shop online, according to a new report, which found that 75 percent of respondents prefer shopping online rather ...
Employer Cash Flow Affects Workplace Safety: Study
More than 3.5 million workplace injuries and illnesses occur each year in the United States, costing an estimated $250 billion annually. It turns out employer cash flow affects whether those costs go ...
Reinsurers Back in Business, Execs Say—With Some Reservations
Reinsurers are officially back in business as insurance companies returned as buyers this year. But a trend exemplified by Chubb's venture with BlackRock could dampen any potential surge in demand, ...