Markets
U.S. Insurance Execs Insist They Are Working to Fix Diversity Shortcomings
When Jerald Tillman and Mike James started their careers more than 20 years ago, working in the U.S. insurance industry was not on their radar, but programs to attract Blacks and other minorities ...
Starr CEO Greenberg: Biden Could Generate Fresh Start in U.S.-China Relations
U.S. President-elect Joe Biden has an opportunity to start fresh with China, a move that would benefit both nations, Maurice "Hank" Greenberg, chairman of Starr Insurance Companies, told Reuters on ...
Reopening Offices Amid Pandemic Could Leave Companies Exposed—and Other Risk Alerts
Businesses thinking of reopening their office spaces will have to navigate new safety requirements and liability risks. Hurricanes are taking longer to weaken after landfall. Hackers are targeting ...
Travelers, State Farm, Nationwide Lead $60M Financing for HOVER, a 3D Claims InsurTech
Travelers, State Farm and Nationwide led a new $60 million venture capital financing for HOVER, an InsurTech with a 3D data platform for home improvement and property insurance professionals. ...
RLI Corp. CEO to Retire; Kliethermes Will Replace Him
Property/casualty specialty insurer RLI Corp. said current CEO Jonathan Michael is retiring at the end of 2021, and RLI Insurance President and Chief Operating Officer Craig Kliethermes will succeed ...
Executives On The Move at Arch Insurance and Lockton
Arch Insurance has a new executive in its Surety arm. Lockton added a bew vice president and Business Development consultant for the firm's Midwest Series. *** Arch Insurance hired Stephen Ruschak as ...
RSA Backs $9.6B Takeover Offer From Overseas Rivals
British insurance group RSA is backing a 7.2 billion pound ($9.55 billion) cash offer from Canada's Intact Financial and Denmark's Tryg in one of Europe's biggest financial takeover bids this year. ...
General Motors Debuts Usage-Based Auto Insurance Supported by OnStar Vehicle Data
General Motors Co on Wednesday launched an auto insurance program with the help of its OnStar subsidiary, joining a growing field of companies hoping to cash in on the vast amounts of data generated ...