Reinsurance
Lloyd’s CEO Pursues Meetings With AIG, Chubb to Boost Its U.S. Business
Lloyd's of London Ltd is meeting with major U.S. insurers about driving more business through its global insurance market, Chief Executive Officer John Neal said on Wednesday. The 330-year-old ...
Insurers Eager for Business Ecosystems but Not Yet Well Equipped to Participate: Accenture
You may have heard "ecosystems" referred to in a business context, where a number of companies from different industries partner to create an interconnected set of services that give the customer a ...
The Latest Launches From Sompo International/Air Worldwide, Verisk and Aon
Sompo International plans to use Air Worldwide's casualty analytics platform to improve its underwriting process for many commercial liability lines. Verisk is rolling out an InsurTech product ...
AIG Combines Reinsurance Divisions Into Single Unit; Ex-Marsh Exec Schaper to Lead
American International Group has combined its various reinsurance divisions into a single global entity dubbed AIG Re. The consolidated operation includes Validus Re, AlphaCat and Talbot Treaty, ...
California Utility Will Pay $1B to Settle Fire Claims With Local Governments
PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the ...
Bank of England to Lloyd’s: Make Progress in Tackling Sexual Harassment
The Bank of England called for Lloyd's of London to demonstrate progress in tackling the insurance market's culture of sexual harassment. The BOE's director of insurance supervision Anna Sweeney said ...
InsurTech Startups Will Scale Up and Mature in 2019, and Other Predictions
The insurance technology, or InsurTech sector has seen much technological and investment development over the past few years. Traditional insurance business lines such as health, auto, and commercial ...
Why 5G Networks Could Be Bad News for Storm Forecasting
Satellites tracking water vapor in 2012 helped scientists accurately predict Superstorm Sandy's frightening turn toward New York and New Jersey where it killed dozens of people and inflicted billions ...