Marsh to Exit Russia; Aon Suspends Operations
Marsh McLennan, the world's largest insurance broker, said on Thursday it would exit all of its businesses in Russia, while its rival Aon suspended operations in the ...
Industry News
Tesla, Other Car Makers Have Edge Over Incumbent Insurers: Moody’s
Tesla and other car makers represent a growing threat to incumbent auto insurers, even though they have little direct impact on the insurance market today, Moody's Investors Services said in a report ...
Executives on the Move at AXA XL, At-Bay, Arch
AXA XL has appointed Nancy Bewlay as chief executive reinsurance with immediate effect. She assumes the role from Charles Cooper, who has decided to step down after more than 20 years as a senior ...
How Sanctions Against Russia Are Hitting Global Aviation Industry
Russia's size and close integration into the global aviation industry since the end of the Cold War means sanctions related to its invasion of Ukraine are having outsized consequences relative to ...
More Price Increases for U.S. Commercial Insurance in Q4 2021: WTW
U.S. commercial insurance prices rose again in the fourth quarter of 2021, according to WTW's latest Commercial Lines Insurance Pricing Survey (CLIPS). The aggregate commercial price change reported ...
The Latest Launches From Motus Insurance Services, Coalition, Precisely
Motus Insurance Services LLC added Beazley PLC via BHI Digital to provide an elective earthquake program for residential and commercial associations. Beazley is a publicly traded company with more ...
Insurers Refuse to Pick Up Bill for Billions in Opioid Claims
A multibillion-dollar bill is coming due for the U.S. opioid epidemic, and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it. A Delaware ...
Argo Group CEO Rehnberg Takes Health Leave
Kevin J. Rehnberg, chief executive officer of Argo Group International Holdings Ltd., announced on March 2, 2022 that he would be temporarily unable to perform his duties for health reasons. ...
APCIA: Inflation Outpacing Premium Increases for Auto and Homeowners
U.S. insurers, already hammered by extraordinary losses caused by natural disasters, are also failing to raise premiums at a pace that matches an historic inflation rate, the American Property ...