Reinsurance
Chubb’s Q2: CEO Greenberg Touts Transformation Into ‘a Revenue Machine’
Chubb Ltd. saw its net income soar in the 2017 second quarter, and investment income also reached record levels. Chairman and CEO Evan Greenberg said during the company's July 26 earnings call that ...
W.R. Berkley Cut Back Reinsurance Underwriting in a Flat Q2
Weather related losses and a competitive reinsurance business nudged W.R. Berkley Corp.'s 2017 second quarter combined ratio higher. But a nearly 5 percent growth investment income and gains in ...
Berkshire Hathaway Reportedly in Talks to Buy Stake in Brazilian Reinsurer
Berkshire Hathaway Inc., the firm run by billionaire investor Warren Buffett, is in talks to buy a stake in Latin America's biggest reinsurer, IRB Brasil Resseguros SA, after an initial public ...
CNA Joins Global Business Diversity Initiative
CNA has become the latest property/casualty insurer to join a multi-industry CEO initiative focused on making businesses more diverse and inclusive. Dino Robusto, CNA's chairman and chief executive ...
Drone Near-Misses With Planes in UK to Prompt Tighter Rules
British officials announced plans Saturday to further regulate drone use in a bid to prevent accidents and threats to commercial aviation. The new rules will require drones that weigh eight ounces ...
Successful Innovation Happens When Old, Newer Players Collaborate
With all the pressure that insurers and other companies face now to innovate, it turns out that going it alone may be an outdated practice. Collaborations between new and veteran players are more ...
UK Lawmakers Explore How to Keep Post-Brexit EU Access for Insurers, Banks
British lawmakers launched an inquiry on Monday into how banks and insurers could maintain access to the European Union market after Britain leaves the bloc in 2019. The House of Lords financial ...
Climate Shift Leaves UK Bracing for Record Wet Winters, Flooding
Britain faces a future of record-breaking wet winters, potentially leading to more of the widespread flooding seen in recent years, according to new modeling that incorporates changing climate ...