Markets
Qatar Re CEO Saacke to Step Down in March; Interim Leader Named
Qatar Re said that CEO and Executive Director Gunther Saacke would be stepping down from both roles in March, at the company's next board meeting. He'll stay on for the transition and depart later in ...
Pie Insurance Gains Workers Comp Marketing Approval in 5 More States
Pie Insurance has started selling its online workers compensation insurance in five more states, bringing the total so far to 14. The Washington, D.C.-based managing general agent disclosed it has ...
Progressive Plans 10,000-Employee Hiring Spree
Progressive plans to hire more than 10,000 people through 2019 to help propel rapid growth. The Ohio-based property/casualty insurer said it wants to fill analyst, IT, corporate, customer care, ...
How Chubb’s Marketplace Works With InsurTechs
Since late 2017, Chubb has been working on "digitizing the agent experience" for traditional agents with the Chubb Marketplace. But Chubb's small business digital distribution strategy also includes ...
China’s Anbang Insurance Reportedly Close to Selling Health Insurance Arm
Anbang Insurance Group Co., the acquisitive Chinese insurer that's scaling back its global empire, is nearing its first major domestic divestment since the government seized control last year, people ...
Boeing’s Flying Car Prototype Hovers Briefly in Air During Initial Test Flight
Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural test flight, a small but significant step as the world's largest plane maker bids to revolutionize ...
Inside Chubb’s Agency-Centric Digital Marketplace and Its Digital Strategy
In a display of activity that could make InsurTechs jealous, some 900-1,000 agents log onto Chubb Marketplace daily. The Marketplace, a project that is "digitizing the agent experience" in ...
Regulators Clear California Utility of 2017 Wildfire Liability
As PG&E Corp. barreled toward bankruptcy last week, just one analyst kept a "buy" rating on the shares, largely on valuation. On Thursday, the stock surged by the most ever, rising 75 percent to ...