Industry News
RSA Risks Investor Backlash over ‘Excessive’ Bonus for CEO Hester
RSA Insurance Group Plc may face a backlash from investors this week as Pensions & Investment Research Consultants Ltd. said Chief Executive Officer Stephen Hester's compensation was "excessive." ...
Uber Pulls Out of Kansas Due to Stricter Ridesharing Regulations
Ride-hailing service Uber on Tuesday said it ceased operations in Kansas after the state legislature decided to override Governor Sam Brownback's veto of a bill that will impose stricter regulations ...
For carriers and MGAs, cloud-hosted insurance platforms can reduce IT overhead, strengthen business continuity, improve security, and make scaling claims...
Allianz Profit Soars Even as It Deals With PIMCO Setbacks
Allianz SE, Europe's biggest insurer, said first-quarter profit climbed 11 percent, even as investors withdrew funds from its asset manager Pacific Investment Management Co. The shares surged the ...
Allstate Reports a Double-Digit Rise in Profits and Falling Claims Costs
Allstate Corp., the largest U.S. publicly traded seller of auto and home insurance, said first-quarter profit rose 13 percent as margins improved at the property- liability business and catastrophe ...
CNA Targets Smaller Life Sciences Companies With New Coverage Option
CNA is debuting new coverage for the life sciences market – an admitted product liability policy offering targeted to smaller companies. The property/casualty insurer said that its Life Sciences ...
$1.8B Endurance/Montpelier Re Merger Up For July Shareholder Vote
Shareholders with both Endurance Specialty Holdings and Montpelier Re Holdings will likely vote on their planned $1.8 billion merger in early July, Endurance Chairman and CEO John Charman said during ...
AIG Among Companies Pushing For Drone Concessions as FAA Mulls Restrictions
As U.S. regulators study how to govern commercial drones, corporate America is plunging ahead on using unmanned aircraft in a bid to speed the process and win concessions on proposed restrictions. ...
Analysis: PartnerRe May Find Shareholder Resistance to AXIS M&A Plan
PartnerRe Ltd. is betting the value of a merger with AXIS Capital Holdings Ltd. is worth more in the long run than an extra few dollars a share now. Shareholders may not agree. The Bermuda-based ...