Industry News
Five Insurers Lead P/C Industry to 8th Year of Reserve Takedowns: Fitch
Headline reserve charges for Tower Group, Meadowbrook Insurance Group and QBE Americas in 2013 didn't interrupt an eight-year trend of overall prior-year reserve takedowns for the property/casualty ...
Homeowners Choice First Admitted Carrier to Offer Flood Cover in Florida
Homeowners Choice Property & Casualty Insurance Company, Inc., a Florida based provider of homeowners insurance and wholly-owned insurance subsidiary of HCI Group, Inc., announced Thursday that ...
Ford Teams with MIT, Stanford to Research Autonomous Driving
Ford Motor Co. said it is joining with two top U.S. universities to launch research into automated driving technology. The automaker said it will work with Stanford University and the Massachusetts ...Travelers’ Slowing of Price Hikes Raises Concerns; Shares Fall
U.S. insurer Travelers Cos. Inc.'s slowing pace of price hikes raised concerns about its margins and overshadowed a three-fold rise in quarterly profit, sending its shares down as much as 3 percent. ...
Wells Fargo Selling 42 Smaller Insurance Brokerage Offices to USI
Wells Fargo & Co., the largest U.S. home lender, has agreed to sell more than 40 percent of its insurance brokerage locations to focus bricks-and-mortar operations on higher-growth regions and ...
Insurer Steps Up With Loan for U.K. Beermaker as Banks Retreat
When Anthony Woodhouse needed to refinance a bank loan and invest in his family's 236-year old brewery and pub chain his advisers sent him to an insurer. M&G Investments, a unit of Prudential ...
Berkshire Hathaway Specialty Introduces ‘Executive First’ D&O
Offering up to $100 million of D&O capacity, Berkshire Hathaway Specialty Insurance said on Thursday that it introduced Executive First, a policy designed to address the complex and volatile ...QBE Names Ex-Aviva CFO Regan to Group CFO Role, Succeeding Drabsch
QBE Insurance Group Ltd. announced that Patrick Regan will be joining QBE in June 2014 in the role of group chief financial officer, succeeding Neil Drabsch. Regan was most recently the CFO at Aviva ...