Industry News
AIG CEO Zaffino to Add ‘Chairman’ to Title Starting Jan. 1, 2022
Peter Zaffino, American International Group's CEO since March, will add "Chairman of the Board of Directors" to his title as of Jan. 1, 2022 after Brian Duperreault retires. Zaffino succeeded ...
Workplace Vaccine Mandates to Surge by Q4: Willis Towers Watson Survey
More than half of U.S. employers could make vaccines mandatory for their workers by the fourth quarter, according to a new survey by insurance broker Willis Towers Watson. The survey, conducted Aug. ...
For Now, No Need for a Federal Cyber Reinsurance Backstop: CM Webinar Preview
Business owners need guidance rather than a federal reinsurance backstop to help them navigate an increasingly volatile cyber insurance market, a panel of experts said recently. "I don't think a ...
Executives On The Move at Hamilton, AXIS and IGI
Hamilton Insurance Group appointed a new executive focused on claims at Hamilton Re. AXIS Insurance hired a new vice president for its U.S. Excess Casualty team. International General Insurance ...
Allianz Investment Funds Under Investigation in Germany
German regulators have launched an investigation into the country's biggest financial company, Allianz, after the demise of some of its U.S. investment funds last year, people with direct knowledge ...
Old-School Carriers Are Joining Digital Exchanges, Adding Twist to Marketplace Competition
Major U.S. insurers are joining new digital exchanges to sell not only their own policies but also those of rivals, a fresh twist in an industry known for fierce competition. The powerful new ...
Reinsurance Demand, Pricing to Continue Rising Next Year: Moody’s
Global reinsurance rates are likely to continue rising next year, in the low to mid-single digit percentage range, Moody's analysts said on Tuesday. Reinsurance rates have been rising in the past few ...
P/C Carrier Job Tally Down 14K So Far in 2021
Unemployment levels increased across the insurance industry in the first half of 2021, with property/casualty insurance carrier employment figures revealing a drop of 14,000 jobs. Greg Jacobson, ...