Reinsurance
AIG CEO Duperreault ‘Encouraged’ by Hardening Market, Talks Operational Overhaul
AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer's ongoing efforts to shed excessively risky business. "We are ...
Insurers Pressured by Activist Groups to Drop Coverage of Oil Sands Pipeline
A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to pressure Canada to cancel its plan to expand the project which ...
Mobile Sales Assistant Vymo Raises $19M; AXA, Allianz Among Customers
Vymo, a technology company whose mobile app captures and automates data for insurance sales reps and others on the go, has raised $18 million in new financing. The India-based SaaS (software as a ...
Updated: AIG’s General Insurance Unit Turns a Profit for the Second Quarter in a Row
American International Group (AIG) President and CEO Brian Duperreault has insisted that the insurer's General Insurance unit will produce an underwriting profit for all of 2019, after a decade of ...
For Munich Re, Claims Decline and Net Profit Soars
German reinsurer Munich Re on Wednesday reported a 36% rise in net profit in the second quarter, helped by low claims from major losses, and stuck to its forecast for 2019. Net profit was 993 million ...
The Latest Launches From Munich Re and Willis Towers Watson
Munich Re is now marketing new hurricane response tools designed to better help carriers assess widespread damage after a hurricane. Willis Towers Watson released an updated version of its Radar ...
Climate Change Worsened Europe’s Record Heatwave in July
Heat scorched Western Europe this July in what will likely be confirmed as the hottest month in recorded history, according to the UN's World Meteorological Organization. "This is not your ...
Stalled Self-Driving Car Legislation May Still Have Some Life
Two key committees in the U.S. Congress on Tuesday said they will revive efforts to pass long-stalled legislation to speed the adoption of self-driving cars. The House Energy and Commerce Committee ...
Executives On The Move at AXIS and Marsh
A Swiss Re veteran is joining AXIS Capital Holdings' AXIS Re to lead its North America division. Marsh created a new position in the aviation practice of its Marsh JLT Specialty arm.