Industry News
For Allianz, PIMCO Problems Overshadowed by Double-Digit Profit Growth
Allianz SE, Europe's biggest insurer, said second-quarter profit rose 15 percent as lower claims from natural catastrophes offset a drop in earnings at Pacific Investment Management Co. Net income ...
Straight Talk from Industry CEOs at ACE and Travelers
Great leaders promote trust and open communication, experts increasingly argue. Property/casualty insurance executives understand this, especially in times of great change—a fact that was in ...
P/C Insurers Still Struggle to Attract Younger Employees: A.M. Best Survey
The property/casualty insurance industry is meeting its hiring needs, but still struggling to attract younger employees and overcome its stodgy reputation, A.M. Best determined in a new survey. ...
AIG Expands Its Use of ILS Financing Into Mortgage Insurance
American International Group disclosed that it is expanding its already robust use of insurance linked securities into its mortgage insurance business. To do this, AIG's mortgage arm – United ...
ACE Launches Info Website in UK & Ireland For Employer Liability Clients
Ace Group developed a new website designed to give its employer liability clients in the U.K. and Ireland access to a wide range of data and services. The property/casualty insurance giant frames the ...
Munich Re Raises Full-Year Profit Target With Surge of Quarterly Earnings
Munich Re, the world's biggest reinsurer, raised its full-year profit target after net income beat analyst estimates on lower catastrophe claims. The shares rose. Net income rose to 1.07 billion ...
Rios Leaves Top Job at Munich Re’s American Modern Insurance Group
Manny Rios, CEO of American Modern Insurance Group, has left the company. The Ohio-based specialty insurer (and Munich Re subsidiary) said in a prepared statement that Rios is leaving for personal ...
Zurich Sees Profits Shrink, Raising Pressure on CEO to Bid for RSA
Zurich Insurance Group AG Chief Executive Officer Martin Senn is under increased pressure to buy RSA Insurance Group Plc after the two companies reported earnings. Second-quarter profit at ...