Industry News
IICF Says 400 Volunteers Needed for Nationwide Giving Events in October
The Insurance Industry Charitable Foundation (IICF), a nonprofit organization funded by the insurance industry, is recruiting volunteers for its annual Week of Giving event from October 11-18. The ...
Europe Beats U.S. in M&A Insurance Industry Deals: Clyde & Co.
Insurance and reinsurance industry M&A deals have picked up a bit in Europe and elsewhere. But they keep declining in the U.S., continuing to deny it the lead in a space it has typically ...
Homeowners More Satisfied with Insurance in 2014; Amica Reigns
A recent survey by J.D. Power 2014 found that overall customer satisfaction with homeowner insurers improved in 2014, and that Amica Mutual was the ranked the best by homeowners insurance customers. ...
Millennials Most Dissatisfied Among Homeowners Insurance Customer Groups
Gen Y customers—or Millennials—who comprise the largest group of homebuyers and renters in the United States, are more critical of their homeowners and renters insurance experiences than any ...
SAP Agrees to Buy Expense Software Company Concur for $7.3B
Germany's SAP has agreed to buy U.S. expenses software maker Concur for $7.3 billion in cash, strengthening its position in cloud computing, an area it long hoped to avoid until its momentum became ...
XL Group Tags Four for Scottsdale E&S Launch
XL Group has launched a regional underwriting operation in Scottsdale, Ariz., the carrier announced last week, saying that it would be staffed by four former underwriters of Scottsdale Insurance— ...
Moody’s, A.M. Best See a Slowing Surplus Lines Market
Two insurance rating entities see slowing rate increases for the surplus lines segment in the coming months, as competition grows and rate hikes slow. Moody's Investors Service said that the U.S. ...AIG Announces Restructured Leadership Team
American International Group Inc. announced Thursday that it has restructured its leadership team in order to integrate the company and position it to deliver its full capabilities to AIG's ...