Specialty
U.S. Nonstandard Auto Market Makes Significant Strides: A.M. Best
A 102.2 combined ratio may not be seem very good. For the U.S. nonstandard auto market, however, it represents a big improvement over past performance. A new A.M. Best report concluded the market ...
AIA, PCI Members Approve Merger; Combined Group Debuts on Jan. 1
Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes effect in 2019, and the combined organization is set to have ...
Executives On The Move at GEICO, MAPFRE USA and Church Mutual
GEICO named its new vice president of marketing, having promoted from within. MAPFRE USA hired two executives to join its senior leadership team. Church Mutual Insurance Company made a number of ...
AXIS Estimates Pre-Tax California Wildfire Losses Could Hit $150M
AXIS Capital Holdings Ltd. predicts between $125 million and $150 million in pre-tax losses for the 2018 fourth quarter stemming primarily from California wildfires. AXIS said that the preliminary ...
Slice Labs Opens Innovation/Product Development Hub in Toronto
Slice Labs Inc., maker of an on-demand insurance cloud platform, launched an innovation hub in Toronto designed to help it test new on-demand insurance products. The company, which began as a seller ...
Sompo Holdings Promotes Charman to CEO of Overseas Insurance; Frudd to Lead International Division
Sompo International Holdings Ltd said that John Charman, chairman of the board of directors and CEO of Sompo International, is getting a promotion. Charman's new position will be chief executive ...
A Four-Day Work Week Might Motivate Staff, Lead to Higher Productivity
Work four days a week, but get paid for five? It sounds too good to be true, but companies around the world that have cut their work week have found that it leads to higher productivity, more ...
At $79B, 2018 Global Insured Losses Hover Near Record Territory: Swiss Re
Total economic losses from natural and man-made disasters in 2018 are down from the previous year, but insured losses are hovering near record territory. Swiss Re's latest sigma report calculated an ...