Markets
Ex-Morgan Stanley Banker/M&A Pro Joins W.R. Berkley in Strategy Role
W.R. Berkley Corp., the Greenwich, Connecticut-based commercial insurer, named former Morgan Stanley investment banker Jared Abbey as senior vice president for corporate strategy and development. ...
Zika Risk May Trigger Limited Insurance Coverage for Sporting Events
Continued Zika virus warnings may dampen summer sporting events such as the Rio de Janeiro-hosted Summer Olympics in August, as insurers weigh the risk of insuring such events in the midst of another ...
Reinsurers Stock Prices Hit as Soft Market Persists: A.M. Best
While global reinsurers are continuing to withstand challenging market conditions, their stock prices, on average, are starting to take a hit as a result of the persistent soft market and its ...
Executives On The Move at W.R. Berkley, XL Catlin, Guy Carpenter and More
A new executive joined a W.R. Berkley Corp. division. XL Catlin hired a Chubb veteran to lead its Excess & Surplus lines business. At Selective Insurance Group, a division made a number of new ...
New Nationwide Campaign With NASCAR’s Dale Earnhardt Jr. Involves Interactive Contest
Nationwide's latest ad with spokesperson and NASCAR driver Dale Earnhardt Jr. is going interactive with its small-business target audience. The insurer said that it has just launched a social media ...
Allianz Believes Blockchain Tech Will Spur Catastrophe Bond Trading
German insurer Allianz expects the technology underpinning virtual currency bitcoin to encourage trading in catastrophe bonds, which transfer the risk of natural disasters such as hurricanes to ...
Predictive Analytics Can Aid Wayward Workers Comp Claims
High complexity claims account for the majority of dollars spent in workers compensation claims. One way to identify high exposure claims early is by using predictive analytics. Using analytics, ...
What Do You Get When You Combine Drones and Self-Driving Cars?
One small step for drones, and no steps needed for mankind. Autonomous drone transport for humans. Why not? We're eventually getting autonomous cars so you don't have to do the driving, and drones ...