Industry News
P2P Insurance Startup Lemonade Attracts Sagalow, Other AIG, ACE Vets to Exec Roster
An instech startup looking to disrupt the property/casualty insurance industry with a new business model has turned to four seasoned insurance executives from traditional carriers AIG and ACE ...
Is Generali CEO Greco Leaving for Zurich? Investors Worry
Uncertainty over whether Mario Greco will stay on as chief executive of Generali rattled investors in Italy's top insurer on Monday after a Swiss newspaper reported rival Zurich Insurance was set to ...
Credit Swap Panel’s New Rules Address Conflicts of Interest
A derivatives industry group adopted new rules to mitigate conflicts of interest on a panel of banks and asset managers that determines when traders are paid on debt insurance. The International ...
McCarty Replacement Rumors Start Swirling; Successor Has ‘Huge Shoes to Fill’
News of who will replace Florida Insurance Commissioner Kevin McCarty has yet to be announced, but whoever takes over will have his or her work cut out for them when McCarty leaves office after 12 ...
Swiss Paper Reports Zurich Close to Naming Generali’s Greco as CEO
Zurich Insurance Group AG will appoint Mario Greco, the head of its Italian rival Assicurazioni Generali SpA, as chief executive officer, Swiss newspaper SonntagsZeitung reported, without saying how ...
VW Gets Easier Ride in Europe on Emissions Scandal
Volkswagen is unlikely to face U.S.-style fines in Europe over its emissions scandal because of a softer regulatory regime and its home country Germany's determination to protect its car industry, EU ...
At No. 2, AXA Is Highest with P/C Operations on A.M. Best Global Insurer Ranking
Coming in at No. 2, French company AXA S.A. is the highest ranking insurer with property/casualty operations on A.M. Best's new roundup of the top global insurers by net premiums written. Half the ...
A.M. Best Maintains Negative Outlook For U.S. P/C Commercial Lines
Rating agency A.M. Best said it is maintaining its negative outlook on the commercial lines segment of the U.S. property/casualty (P/C) industry, despite relatively solid aggregate results over the ...