Industry News
Allianz Raises Guidance After Profit Jump
German insurance group Allianz announced a more ambitious profit target for this year after posting a better than expected 9.5% jump in fourth-quarter net profit on Friday. The profit increase was ...
Swiss Re Hit With 2019 Profit Drop; P/C Combined Ratio Reaches 107.8
Reinsurer Swiss Re reported on Thursday a smaller-than-expected profit in 2019 due to claims for a series of man-made and natural disasters, as well as expenses for its U.S. casualty business, ...
At-Bay Pulls in $34M From Munich Re, Others; Cyber Insurance Expansion Planned
Cyber Insurance startup At-Bay raised a new $34 million venture capital round, CEO and Co-Founder Rotem Iram disclosed in a recent blog posting. Munich Re Ventures and Acrew Capital led the Series B ...
AXA XL Chooses Chubb Veteran Gunter as Its New CEO
AXA XL has hired a former Chubb Group senior executive as its new CEO. Scott Gunter, previously senior vice president of Chubb Group and president of Chubb's North America Commercial Insurance ...
Chubb Veteran Hopper to Join CNA as Chief Actuary After Haefner Retires
CNA's veteran chief actuary is retiring at the end of 2020 after 12 years at the insurer and 40 years in the property/casualty insurance business. Larry Haefner's retirement becomes official on Dec. ...
Argo Appoints Interim CEO Rehnberg as Its Full-Time Leader; New Board Chair Named
Argo Group International Holdings has appointed interim CEO Kevin Rehnberg to the job officially, capping what has been a tumultuous year for the Bermuda-based specialty insurer and reinsurer. ...
The Latest Launches From Farmers, Chubb, Octo Telematics
Farmers Insurance said it has started selling auto insurance in South Carolina exclusively through its Farmersdirect.com digital platform. Chubb expanded access of a tool that's useful during ...
IKEA, Seller of Furniture and Meatballs, Now Offers Home Insurance
IKEA, the Swedish global retailer that sells everything from assemble-it-yourself furniture to food, is getting into the home insurance business. Specifically, IKEA said it is partnering with Swiss ...