Industry News
CNA’s Worman to Take the Helm in 2025
CNA Financial Corporation announced that Doug Worman will become president and chief executive officer of the company as of Jan. 1, 2025. Dino E. Robusto, the current chairman and CEO, will ...
AI Large Language Models Not Leaving Chubb’s Greenberg ‘Breathless’
Revealing that Chubb has its own version of ChatGPT and an app store that delivers copilots to different functions of the company, CEO Evan Greenberg said he recognizes the power of AI—but he's ...
Social Inflation Fix: Insurers Can’t Be Out Front, Chubb’s Greenberg Says
Although insurers can help to stop the growth of social inflation, they can't lead the effort, an industry executive said during an insurance conference this week. Evan Greenberg, chair and chief ...
Ford Says Drivers Will Be Able to Take Their Eyes Off the Road in Two Years
Ford Motor Co. is just two years away from offering technology that will allow drivers to take their eyes off the road and their hands off the wheel, according to Chief Executive Officer Jim ...
AXA XL Realigns Operations in the Americas; Redundancies Caused by Moves
AXA XL said it streamlined its underwriting operations in the Americas, which will now be three segments: large commercial, middle-market and professional. The realignment is "resulting in ...
P/C Insurers Slow to Achieve Analytics Ambitions: Survey
Just under half of property/casualty insurers recently surveyed by WTW say they plan to incorporate AI into their analytics (49 percent), but most have yet to bring "traditional" analytics into areas ...
After First Net Loss Since 1923, USAA Back to Profit in 2023
USAA on Friday said it recorded net income for 2023 of about $1.2 billion, reversing a 2022 loss—the first for the company since 1923—of about $1.3 billion. The San Antonio, Texas-based ...
Executive Moves: Beale Named Chair of South Pole; Howden Re Appoints Hearn as Chair, Global Clients Strategy; Hyperexponential Hires Ryan as Head of US P/C
Former Lloyd's chief executive officer Inga Beale has been named chair of the climate consultancy South Pole, with a remit to help drive the company's business transformation plans as carbon markets ...