Industry News
RSA Insurance to Sell Central, Eastern European Assets: Report
RSA Insurance Group Plc, the British insurer looking to raise capital, is planning the sale of assets in central and eastern Europe, according to three people familiar with the plan. RSA is close to ...
Reinsurer Downgrades Ahead, S&P Says; A.M. Best Says Sector Stable
Almost half of the global reinsurers rated by Standard & Poor's are "materially exposed" to competitive pressures, the rating agency said Monday, warning of negative rating actions to come for ...
In North America, the World Cup is in full swing. With it, we can draw lessons from AI and contextual...
Former PwC CEO Di Piazza Elected to ProAssurance Board
The board of directors of ProAssurance Corporation has elected Samuel A. Di Piazza, Jr. to the Board. Di Piazza has most recently been the Vice-Chairman in the Institutional Clients Group of Citi, a ...
FSOC Scrutinizing Buffett’s Berkshire for Systemic Risk Potential
Regulators are starting to scrutinize Warren Buffett's Berkshire Hathaway Inc. to determine whether it is important enough to the financial system to require Federal Reserve supervision, according to ...
Reinsurance Costs Helping to Lower Florida Homeowners Rates: OIR
Florida's top insurance regulator says that state residents are starting to benefit from a more competitive homeowners market as rates have started to trend downward due in part to the reduction in ...
Insurers Poised to Change Rates of IT Outsourcing in 2014: Novarica
Only 15 percent of insurers don't currently rely on external IT services for key technology areas, but a group of those that do outsource IT services expect to scale back in 2014, a new survey finds. ...Lower Disaster Claims, Higher Prices Boost Travelers’ Q4 Profit
Travelers Cos., the property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm ...
CEOs Upbeat on Economy But Worried About Weak Markets, Over-Regulation
Business leaders gathering for their annual high-profile networking forum in Davos are feeling a bit better about their companies' prospects and a lot more so about the broader economic outlook. But ...