Industry News
Zurich to Cut Costs by $1B to Reverse Profit Slide
Zurich Insurance Group AG, Switzerland's biggest insurer, will cut costs by more than planned as it seeks to reverse a drop in earnings. CEO Martin Senn said he will make additional annual savings of ...
Milliman’s Pixel Gives Insurers Custom View of Competition’s Impact
Consulting and actuarial firm Milliman announced the availability a competitive intelligence tool for insurance companies last week called Pixel. According to Milliman, Pixel is a web-based, ...
Majesco’s Fall ’26 Product Release Accelerates the Journey to a Frontier Firm We are standing at the edge of a...
Wind and Hail Fuel Allstate’s April Catastrophe Costs
Allstate Corp. reported low catastrophe losses in the 2015 first quarter, but preliminary April results showed some subsequent uptick. The nation's largest publicly traded personal lines insurer ...
PartnerRe Seeks Direct Meeting With EXOR About Possible Acquisition Deal
Bermuda-based reinsurer PartnerRe, after weeks of resistance, has decided to meet with EXOR to determine whether the Italian investment firm will sweeten its $6.8 billion bid for the company. Even ...
New York’s Top Financial Regulator to Leave, Launch Cybersecurity Consulting Firm
Benjamin Lawsky will step down next month as New York's top bank regulator after four years, during which he threatened to take away the U.S. charters of some of the world's biggest banks and ...
Hiscox Extends Crime Protection to Financial Institutions
Specialist insurer Hiscox has announced enhancements to its crime and fidelity platform with the addition of financial institution bond coverage. The new coverage protects financial services ...
Cyber Attack Struck St. Louis Federal Reserve in April
The U.S. Federal Reserve Bank of St. Louis said hackers successfully attacked the bank last month, redirecting Web traffic but not compromising its website. Hackers manipulated the bank's routing ...
AIG Snatches Up ING Benefits Network to Boost Multinational Business
American International Group Inc. has acquired ING Employee Benefits Global Network to expand business with multinational clients. AIG purchased a controlling stake in the network, which includes ...