Industry News
Aviva Pledges Renewed Cost-Cutting Effort to Boost Profit
Aviva Plc CEO Mark Wilson pledged to continue cost cuts and to focus on a smaller number of markets in an effort to boost earnings of U.K.'s second-biggest insurer by market value. Wilson plans to ...
Tower Group Shareholders to Vote on ACP Re Merger in August
Tower Group International's shareholders will finally get their chance to approve or reject a merger agreement with ACP Re, months after the proposed deal was first announced. The Bermuda insurer and ...
State of Core Solutions Transition: Which Tech Priorities Are Being Carried Out?
Presented by Majesco
You have two watches. Your first watch is analog. It has dials, gears, crystals and movements. It is a machine...
Specialty Insurance Group Launched by Trio of Insurance Veterans
A trio of specialty and risk insurance veterans has launched Specialty Insurance Group (SIG) to provide custom programs for the ever-changing needs of the sports, leisure and entertainment markets. ...
Swiss Re Sees Emerging Risks in Smart Cities and Rubber Tree Plants
Property/casualty and other insurers face a number of new emerging risks, and they're not necessarily what, or where, you'd think. Technological issues relating to smart cities, plant pathogens that ...
New Agri Re Team Joins Endurance
On Tuesday, Endurance Specialty Holdings Ltd. announced that Avery Cook and Kristopher Lynn will join Endurance later this month to underwrite and manage international agriculture reinsurance ...
Allianz Outlines the Insurance Needs of Emerging-Market Skyscrapers
As the number of skyscrapers and high rises jumps almost exponentially in Asia and the Middle East, the insurance industry faces major challenges in covering risks from construction to completion and ...
Guy Carpenter: July 1 Renewal Rates Declined on Many Fronts
Insurance policy renewals as of July 1 declined by double digits in a number of lines and regions around the world, Guy Carpenter reported in a July 7 update. The market assessment echoes those made ...
Typhoon Neoguri Slams Japan: Thousands Urged to Take Shelter
Japan's weather agency warned of storms and high waves as Typhoon Neoguri skirted the country's islands of Okinawa, grounding flights and prompting some to flee their homes for emergency shelters. ...