Industry News
ACORD Study Results: Loser Lessons
As for the waning carriers, why did they wane? Why didn't they grow and why did they achieve inferior economics? Pieroni said there are a number of reasons but the top ones include inability to ...
How ‘Intelligent’ Insurers Grow and Create Value: ACORD Study
Some insurance carriers grow but do not create value. Others shrink but still create value. Some fail at both. Then there are the "intelligent growers"—those that succeed at both, not only growing ...
Liberty Mutual’s Kelley, Who Led Ironshore to Its Acquisition, Plans to Retire
Liberty Mutual executive and former Ironshore CEO Kevin Kelley plans to retire at the end of 2019, the company disclosed on Nov. 21. Kelley, currently Liberty Mutual's vice chairman for Global Risk ...
Mitsui Sumitomo Insurance Reorganization Plan Leaves A.M. Best Rating Unchanged
The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company, MS&AD Insurance Group Holdings (MS&AD), that it plans ...
Arch Re to Snatch Up Aspen Re’s Global Credit and Surety Business
Arch Reinsurance said it will acquire global credit and surety renewal rights from Aspen Re, now that the latter company is exiting the line. Both parties have also agreed to start additional ...
A Corpse Adds to Old Mutual’s Ongoing Problems
Old Mutual Ltd. is in the spotlight again for all the wrong reasons. The 174-year-old insurer was forced to apologize after a grieving family brought a corpse to one of its branches so the company ...
Hippo Makes an Acquisition Intended to Strengthen Its Home Insurance Services
Hippo Insurance has acquired an early-stage startup designed to beef up its digital home insurance services for clients. The InsurTech startup and managing general agent said it snatched up Sheltr, a ...
The Latest Launches From AXA XL, Bold Penguin/CNA and W.R. Berkley
AXA XL launched a six-week program designed to enable client risk managers to develop new products and services for complex risks. CNA is now officially part of a new commercial insurance platform ...