Industry News
Insurers See Impact from Wearables Within Two Years: Accenture Survey
Nearly two-thirds of insurers expect wearable technologies to have a significant impact on the industry, according to a survey in Accenture's annual Technology Vision report. The survey of more than ...
Insurers Boost Lobbying Efforts to Shape National Capital Rules
Insurance firms, already among Washington's biggest donors, are securing powerful allies in Congress as the Federal Reserve draws up nationwide capital rules for the $1 trillion industry after years ...
As the insurance market continues to stabilize, the next phase of the market will reward independent agencies that can respond...
Ex-NYS Insurance Superintendent Joins Guy Carpenter in Leadership Role
Guy Carpenter is bringing on a former New York State insurance superintendent in a bid to boost its regulatory advisory-prowess. The risk/reinsurance broking advisory firm said that James Wrynn will ...
Fosun Planning $1B Capital Raise to Fund Insurance Acquisitions
Fosun International Ltd., the Chinese conglomerate that's been buying insurers and property overseas, plans to raise $1 billion partly to fund acquisitions in the insurance industry. The company will ...
EXOR Could Offer Sweeter Deal for PartnerRe; Board Meeting Tuesday
Italy's EXOR SpA will consider raising its $6.4 billion offer for reinsurer PartnerRe Ltd at a board meeting on Tuesday, two sources told Reuters on Friday. The Italian holding company, controlled by ...
State Auto Shareholders Officially Elect LaRocco as CEO
The shareholders of State Auto Financial Corporation elected Michael E. LaRocco as a director of the company at its 2015 annual shareholders meeting on Friday, also officially naming him as the next ...
U.S., New Orleans Property Owners Discuss Possible Katrina-Related Damages
Attorneys for the U.S. government and some New Orleans area property owners met behind closed doors with a judge Wednesday to discuss possible damages arising from a ruling last week that a federally ...
Third Point Re: U.S. Expansion Helped Grow New Business in Q1
Third Point Reinsurance Ltd. reported solid gains in net income and new business during its 2015 first quarter, driven in part by its U.S. expansion efforts. The Bermuda-based reinsurer reported ...