Markets
AIG CEO Duperreault Has Hired or Promoted at Least 13 Senior Execs in First Year
Brian Duperreault has hired or promoted from within at least 13 senior executives at American International Group since he rejoined the insurance giant nearly a year ago. Duperreault, in his letter ...
Hanover Insurance Considers ‘Possible Sale’ of London Specialty Unit Chaucer
The Hanover Insurance Group is weighing the sale of its international specialty insurance business, London-based Chaucer. The Worcester, Mass.-based company issued a statement confirming that it "is ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Tesla Acknowledges Vehicle Autopilot Activated Before Fatal Crash
Tesla Inc said on Friday that a Tesla Model X involved a fatal crash in California last week had activated its Autopilot system, raising new questions about the semi-autonomous system that handles ...
Swiss Re Stock Soars on Rumors That $9.6B SoftBank Investment Getting Closer
Swiss Re AG jumped after people familiar with the matter said Japan's SoftBank Group Corp. is edging closer to buying a quarter of the company, valuing the reinsurer at as much as 37 billion francs ...
Chubb, Bunker Ally to Develop Usage-Based Insurance for Freelancers
Bunker and Chubb will work together to develop new usage-based insurance products focused on freelance workers. Chubb has also become a minority investor in Bunker as part of their partnership, ...
Why Improved Auto Technology Is Creating Underwriting Challenges
Automobiles are so solidly made now that they're safer and lasting far longer than their predecessors. Their durability is delaying wider use of even better technology, however, a trend that will ...
Beazley Adds Embedded Workplace Violence Cover in New Way
Beazley has added embedded workplace violence coverage to a number of specialist products accessible to U.S. insurers. "Greater awareness of the extent and impact of workplace violence and social ...
Price Optimization Continues as an Unresolved Issue
Price optimization and the controversy over whether or not to use it in insurance continues even though many states have banned the practice, panelists said during the Casualty Actuarial Society's ...