Industry News
RSA Warns British Exit From EU Could Harm Its Business, Investment Returns
RSA chief Stephen Hester said a British exit from the European Union could have a negative impact on the insurer's business and investment returns, underscoring a warning from top executives about ...
P2P Startup Lemonade Bets Behavioral Science Can Take the ‘Annoying’ Out of Insurance
A company that openly berates the current insurance industry as one that is annoying and in need of a makeover believes that adding behavioral science to the mix will help fix it. The New York-based ...
QBE NA ‘Turns Corner’ With Best Combined Ratio Since 2011
With reports of significant reserve strengthening becoming a distant memory and reinsurance providing stability to underwriting results, QBE Group reported its best overall combined ratio result in ...
BB&T to Grab Broker Swett & Crawford in $500M Cash Deal
Swett & Crawford, a U.S. wholesale commercial insurance broker for more than a century, has caught the eye of BB&T, which will snatch up the company in a $500 million cash deal with Cooper ...
Ironshore Adds U.S. Homeland Security Assessment to Cyber Policy
A division of Ironshore Inc. is beefing up the risk management services it offers a certain class of cyber policyholders. Among the additions: A cyber security assessment and technical services ...
January Storms Cost U.S. $2B: Aon Benfield’s Impact Forecasting
Severe winter storms in the U.S. and Asia caused an estimated $4.0 billion in economic damages, topping the list of January catastrophes, according to a monthly recap from Aon Benfield's Impact ...
Covered Agreement Negotiations Begin, with High Expectations
The U.S. and The European Commission have launched negotiations with an eye toward a "covered agreement" on insurance and reinsurance matters. Representatives from the U.S. and EU met formally ...
Departing AIG Dealmaker Schreiber Was Equal Parts Volatile and Invaluable
In January, Brian Schreiber was working nearly around the clock preparing an investor presentation on American International Group Inc.'s new direction, called Simplifying AIG. On Feb. 15, Schreiber ...