Industry News
Saudi Aramco Reportedly Pursuing Insurance Against War/Terror Attacks
Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the ...
Executives On The Move at Chubb and Berkshire Hathaway Specialty Insurance
Chubb's Bermuda operations hired a new Head of Excess Liability. Berkshire Hathaway Specialty Insurance fleshed out its global surety team with a new hire in Canada. *** Chubb Bermuda hired Michael ...
AI, Machine Learning Increasingly Embraced by U.S. Carriers: LexisNexis
Artificial intelligence and machine learning are increasingly embraced by U.S. carriers as they seek to remain competitive and modernize their operations, a new LexisNexis Risk Solutions study has ...
Octo Telematics Deepens Connected Car Focus With Nebula Systems Acquisition
Italy's Octo Telematics has acquired Nebula Systems, Ltd., a UK-based company that develops advanced cloud-based technologies for the automotive and connected car industries. The acquisition brings ...
P/C Insurance Market Typically Soft, Analysts Say
Property/casualty insurance carrier executives are challenged to predict the likely state of the market as they shape go-forward strategies for their companies. While 2020 may be a bit off course, ...
Chubb, QBE North America Vet Grange Joins Argo Group in Leadership Role
Argo Group International Holdings has hired Chubb and QBE North America veteran executive Jeff Grange in a leadership role. Grange will serve as executive vice president for U.S. operations at the ...
Trov, Lloyds Banking Arm Partner on Digital Renters Insurance Application
Trov has rolled out its digital renters insurance application, an end-to-end product brought to market by a unit of Lloyds Banking Group. Trov, an insurance technology company, said the product ...
Price Disputes Stall Generali’s Talks to Buy MetLife Europe Assets
Assicurazioni Generali SpA's talks over the purchase of MetLife Inc.'s European assets have stalled over price, people with knowledge of the matter said. The Italian insurer was preparing to make a ...