Industry News
Two Former XL Catlin Execs to Launch Aspen’s Singapore Operations
Two XL Catlin executives have jumped ship, signing on with Aspen Insurance Holdings Ltd. to help launch and grow its Singapore operations. Yann Marmonier will lead Aspen's Singapore business, and ...
Zurich to Slash 440 Jobs at U.K. General Insurance Unit
Zurich Insurance Group AG plans to cut 440 jobs at its U.K. general-insurance unit as part of a cost- cutting program. Zurich is also seeking to simplify its organizational structure, the company ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
What’s Ailing Zurich Insurance?
Change is underway to reshape some ailing General Insurance business at Zurich Insurance Group, according to the new chief executive for the unit, who described a corrective focus on profitability ...
Berkshire’s Q3 Buoyed by Investment Gains as Reinsurance Earnings Decline
While overall net income for Berkshire Hathaway more than doubled in the third quarter on the strength of more than $5 billion in investment gains, operating earnings from insurance businesses fell ...
Top 10 Market Conduct Actions Against P/C Insurers: Claims Mgmt. Leads
Slow claim handling, the use of unapproved rates and a failure to provide required compliant disclosures top the list of market conduct actions taken against U.S. property and casualty insurers in ...
Mexico Cat Bond Likely to Pay on Hurricane Patricia Losses: S&P
Bonds sold by Mexico to shield it from the cost of repairing hurricane damage are closer to paying out after the biggest storm ever measured in the Americas struck the country last month, Standard ...
New Verisk Tool Reveals IDs Phantom Garagers, Confirms Mileage
Auto insurance companies now have a tool that lets them verify the garaging address of a vehicle, confirm the driver's commuting mileage and obtain loss costs and premium differentials for the ...
Willis, Towers Watson Shore Up Merger Support Ahead of Nov. 18 Vote
Willis Group Holdings and Towers Watson, facing some opposition, are working aggressively to shape stockholder opinions in favor of their proposed merger in advance of a Nov. 18 shareholder vote ...