Industry News
Executives On The Move at XL Catlin, State Auto and Endurance
XL Catlin's new hires and promotions enable continued U.S. growth in its global excess casualty business; State Auto named a new general counsel; Endurance Specialty Holdings hired a new reinsurance ...
Insurance CEOs Fearing ‘Uberization’ Eye Cognitive Computing: IBM Survey
The trend of "uberization"—industry disruption caused by an unlikely outside competitor—has become a key concern of executives in and outside the insurance industry, according to a new IBM study ...
Two CEOs to Co-Lead Tokio Solution Management
Bermuda-based Tokio Solution Management Ltd. has appointed Susan Lane and Tsuyoshi (Harry) Harigai as co-CEOs, effective Jan.1, 2016. Subject to Bermuda immigration approval, Lane and Harigai will ...
RLI Announces $2 Special Dividend
On Thursday, RLI Corp. announced that its board of directors declared an extraordinary cash dividend of $2.00 per share of common stock in addition to a regular quarterly cash dividend of $0.19 per ...
New York Regulators Urge State/Fed Cooperation on Financial Sector Cyber Defenses
New York regulators are considering a host of cyber security requirements for banks and insurers and urged other state and federal authorities to collaborate on establishing a framework of defenses ...
Cooper Gay Swett & Crawford Puts North American Business Up for Sale
Cooper Gay Swett & Crawford is putting its North American business up for sale, the reinsurance broker disclosed on Nov. 13. Specifically, potential buyers will be sought out for CSGC North ...
Nationwide: Small Business Owners Lack Cyber Prep Plans
Small business owners in the United States are a wide, untapped customer base for property/casualty insurers developing coverage to address the escalating costs of cyber attacks. A recent ...
Moving Up: Florida Family Insurance Gets A- from A.M. Best
A.M. Best upgraded the financial strength rating of Florida Family Insurance to A- (excellent) from B++ (good), the rating agency announced on Wednesday, citing strong operating results. The group ...