Industry News
AIG Keeps DeMaio in Charge of Mortgage Unit as Sale Options Mulled
American International Group Inc.'s Donna DeMaio, who has management duties for several different segments of insurance, was designated to stick with the mortgage-guaranty subsidiary that the company ...
Inadequate Brazil Leaders Compound Commodities Slump: Chubb CEO Greenberg
Evan Greenberg, the chief executive officer of Chubb Ltd., said Brazilians can blame their country's leaders, and not just a commodities slump, for the nation's woes. "The economic environment, the ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Chubb CEO Evan Greenberg Predicts Little Post-Merger Exec Turnover
Chubb Chairman and CEO Evan Greenberg insisted he believes opportunity and incentives will encourage most executives to stay with the insurer in the wake of its recently completed mega-merger. "I ...
Regulation According to Lloyd’s of London’s Sean McGovern
The start of 2016 brought with it the launch of Solvency II, rules in the European Union that govern how much capital insurers must set aside for operational risk, investment and underwriting. ...
Marsh Starts Marketing New Global Excess Cyber Risk Facility
Marsh has launched "Cyber ECHO", a global excess cyber risk facility it pitches as offering more reliable insurance coverage for organizations around the world. The product is designed to bring ...
What is Driving the Big Players Away from U.S. Crop Insurance?
The U.S. crop insurance market has been abandoned by some of its largest companies as lower agricultural prices crimp revenue, and uncertainty about federal aid clouds the business's future. Cargill ...
The Zebra, Another Insurance ‘Disruptor,’ Attracts $17M in Funding
The Zebra, an online auto insurance comparison company, said it has closed $17 million in Series A funding with investment from Mark Cuban, Mike Maples Jr. (of Twitter and Lyft), Simon Nixon (of ...
Zurich Snags Generali CEO Greco to Helm Turnaround Attempt
Zurich Insurance Group AG hired Assicurazioni Generali SpA's Mario Greco as chief executive officer, giving him the task of turning around the company, after losses in its general insurance business ...