Industry News
Balance Sheets at Risk? What’s Next for Workers Comp Insurers
Although workers compensation results remain strong—and the line continues to outperform all other commercial insurance lines—worries about continued soft pricing and loss reserve levels for ...
AP Feature: 2019 Problems With PG&E Not the First
The state senators grilling the CEO of Pacific Gas & Electric Corp. were upset—like millions of other Californians, some spent days in the dark when the nation's largest utility shut off power ...
Lloyd’s Agrees to More Reg Checks on Harassment Whistleblower Process
The Bank of England has stepped up its monitoring of Lloyd's of London's whistleblowing systems, the central bank said on Monday, after reports this year about sexual harassment and bullying at the ...
Berkshire Names Investment Manager Combs GEICO CEO; Roberts Retiring
After just about a year-and-a-half in the role of chief executive officer, Bill Roberts is retiring at GEICO's president and CEO, to be succeeded by Todd Combs, one of Berkshire Hathaway's investment ...
Church Mutual Helps Schools Prepare for Armed Intruders
Church Mutual Insurance Company announced that it has created an armed intruder resource kit that's free to all educational institutions, featuring videos, checklists, FAQs, and important assessment ...
Munich Re Buys a Madison Avenue NYC High-Rise
Munich Re Group plans to acquire a 39-story Madison Avenue high-rise in New York City. Buyer and seller declined to disclose the purchase price. CBRE advised the unnamed seller, and MEAG, which had ...
Executives On The Move at Atlas Financial Holdings and Starr Insurance Companies
Atlas Financial Holdings promoted one of its founding members to a newly-created position at the company. Starr Insurance Companies appointed a veteran executive as Aviation Underwriting Manager.
AXA XL Makes More Changes in Reinsurance Leadership Team
AXA XL announced additional changes within its Reinsurance leadership team, as part of a simplified organizational structure for the unit announced in September. Effective January 1, 2020, in ...
Canadian Pension Fund Will Buy Stake in Fairfax Runoff Unit Riverstone UK
Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario's municipal employees, announced they have entered into an agreement where OMERS will acquire a 40 percent interest in ...