Industry News
Zurich Exiting P/C Business in Middle East
Zurich Insurance Group Plc said it will stop writing general insurance business in the Middle East at the end of month because of the "limited potential" for profitable growth. The decision to exit ...
EC Finds Solvency II Equivalence for Bermuda
The Bermuda Monetary Authority (the Authority) and several international insurance organizations confirmed the European Commission's publication of a Delegated Act recognizing the equivalence of ...
For years, the insurance industry has been working to reduce the friction that slows down underwriting, claims, and servicing. Now,...
Kramer, De Mey, Dionne Nominated for 2016 Insurance Hall of Fame
The International Insurance Society (IIS) has announced three candidates for the 2016 Insurance Hall of Fame: Donald Kramer, chairman and chief executive officer, ILS Capital Management; Jozef De ...
10 Straight Qtrs. of Commercial Rate Drops; Cyber Only Up Line: Marsh
Cyber insurance stood out in the third quarter as the only line for which insurers saw consistent and large rate increases, which averaged more than 15 percent in the United States, according to the ...
Cincinnati Financial Adds Commercial Lines Leaders; Exec Retirements Announced
Cincinnati Financial Corp. announced earlier this month that Stephen M. Spray, senior vice president, will transition to commercial insurance operations at Cincinnati Insurance effective Jan. 1, ...
AIG Life Books May Be On the Block: Bloomberg Report
American International Group Inc., the insurer being pressured by activist investor Carl Icahn to boost returns, is considering the sale of blocks of life policies, according to people familiar with ...
WCRI Event to Explore ACA Case Shifting to Workers Comp
The Workers Compensation Research Institute is presenting a webinar early next month examining the impacts of the Affordable Care Act on the workers compensation line. Although pundits have written ...
Nine Straight Years for P/C Reserves Releases: Fitch
Property/casualty insurers continued to take down loss reserves for prior years in 2014, which marked the ninth straight calendar year of favorable development for the industry in aggregate, ...