Industry News
Zurich Hires AIG Vet to Fill North America Executive Role
Struggling Zurich Insurance Group has lured an AIG veteran to a new executive role in its North American arm. Don Pickens is Zurich's new chief underwriting officer for Global Corporate in North ...
U.K. Insurers Can Handle Nation’s Historic Floods: A.M. Best
As the U.K. continues to deal with a winter of historic flooding, strong balance sheets and an otherwise light year for bad weather will allow insurers to absorb the losses, A.M. Best concluded in a ...
Every insurer evaluating property risk today is running the same math: more perils, more models, more data sources, and not...
AIG Invests in Worker Safety Wearable Device Tech Startup
AIG is investing in an early-stage technology startup developing wearable devices, analytics and systems to improve worker safety. Financial terms of the mega-insurer's investment in Human Condition ...
Florida’s Veteran Insurance Commissioner Will Depart in May
Florida Insurance Commissioner Kevin M. McCarty announced said he'll resign May 2, 2016 to pursue other job opportunities, capping 12 years in the post, according to the Florida Office of Insurance ...
Swiss Re Will Grow ESL Business With $152.5M Acquisition
Swiss Re's corporate solutions arm is snatching up employer stop loss underwriter IHC Risk Solutions LLC for $152.5 million in cash. Plans call for closing the purchase during the 2016 first quarter, ...
Executives on the Move at Aspen, QBE, Markel and Safety
Aspen Insurance made a number of new global product leadership appointments. QBE North America hired on an AIG veteran to oversee and grow its risk business. Markel's venture arm promoted an ...
GM Gears Up for Jan. 11 Start of ‘Bellwether’ Ignition Switch Trial
A U.S. judge last Wednesday rejected General Motors Co.'s bid to dismiss the first so-called "bellwether" case over defective ignition switches in its vehicles, clearing the way for a Jan. 11 trial. ...
One Solution to British Flooding Woes: Build Outside Flood Zone
Tighter construction restrictions and incentives to build outside flood-prone areas would minimize damage to the U.K. economy from heavy rain and rising water levels, according to the Centre for ...