Reinsurance
Diversification Doesn’t Always Help Ratings: S&P
Weighing in on one of the key points of conflict that pitted American International Group's Peter Hancock against investor Carl Icahn in recent months, Standard & Poor's said that not all types ...
Hiscox Unveils Cloud-Based E-Trading System in U.K.
After a successful pilot, Hiscox has launched Hiscox Trader, a new cloud-based e-trading system for U.K. commercial insurance brokers. The new technology, developed with insurance technology ...
American Modern to Pull Out of Lender-Placed Insurance
American Modern Insurance Group plans to get out of the lender-placed insurance business, with a wind-down of the division set to take place over the next two years. The Ohio-based residential ...
How Telematics Saves on Claims, Improves Customer Experience
Insurers that are not already using the data from their telematics programs for claims would be wise to do so early in their adoption of telematics, as the task only becomes more difficult as more ...
Record Takata Air Bag Recall Could Grow Larger Still
The U.S.'s auto safety regulator said it's investigating all Takata Corp.air-bag inflators that use a chemical propellant banned from future models and will compile data to determine whether to ...
Executives On The Move at RenaissanceRe, QBE, Hamilton and Everest Re
RenaissanceRe is losing a longtime board member and gaining a new one. QBE North America hired a veteran Zurich exec as its new chief claims officer. Everest Re named its latest deputy chief ...
Fiji Recovering from Worst Cyclone Ever
Fiji is surveying the damage from the strongest tropical cyclone to ever hit the South Pacific nation, with at least three people reported to have been killed and whole villages flattened as the ...
S&P Frees GEICO, National Indemnity, Gen Re from CreditWatch Negative Status
Berkshire Hathaway's insurance subsidiaries are no longer on CreditWatch Negative with Standard & Poor's. The ratings entity removed National Indemnity Co., GEICO and General Reinsurance Corp. ...