Industry News
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 ...
Forms are the foundation of every insurance product. So why does managing them still feel like the slowest part of...
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 ...
Why Google’s Online Insurance Experiment Failed: The Insurance Industry Sounds Off
The insurance industry had a lot to say about what Google did wrong a day after the search engine giant said it would be pulling the plug on its year-long Google Compare experiment selling auto ...
Executives On The Move at XL Catlin, USAA and QBE
A major executive is retiring at USAA, and the search is on for his replacement. QBE is reorganizing and hired from within to fill a newly created executive position. XL Catlin is beefing up its ...
Fitch: More M&A in 2016 Won’t Take the Market Blues Away
While more M&A deals are likely among Bermuda insurers and reinsurers in 2016, they won't do much to reduce pressures created by a limp and heavily competitive market, Fitch Ratings said in a new ...
New Swiss Re CEO Mumenthaler to Replace the Retiring Liès
Swiss Re AG named Christian Mumenthaler, a 17-year veteran of the company who heads the main reinsurance unit, as chief executive officer from July 1. He will succeed the retiring Michel Liès. ...
Exclusive: Google Reportedly Will Shut Down Online Insurance Site
It appears Google Compare's grand experiment in online comparison shopping for auto insurance is dead – for now at least. Insurance Journal has learned that two of Google Compare's major partners ...