Industry News
UK Insurer RSA Returns to Earlier Commercial Lines Organizational Structure
RSA UK & International has merged its Commercial Risk Solutions (CRS) and Global Risk Solutions (GRS) businesses to create a single business unit focused on commercial lines. This move follows ...
China-Owned Insurer Helps Soften Trade War Hits for Exporters and Importers
As the U.S.-China trade war intensifies, an insurance company run by the Chinese government is stepping in to support Chinese exporters, providing low cost coverage and chasing down U.S. importers ...
Next Insurance Makes Room for Agents After All
Next Insurance has begun formally marketing a portal designed to help independent agents quickly quote and sell its policies. Next said the system, dubbed "Next for Agents," had been in beta testing ...
China’s Anbang Insurance Group Sells off Luxury Hotels, Keeps Original Waldorf Astoria
Anbang Insurance Group Co. agreed to sell a luxury hotel portfolio to South Korea's Mirae Asset Management Co., marking the end of the Chinese insurer's short-lived investment in the properties. ...
California Wildfire Victims Balk at Utility’s Plan to Cap Payments
PG&E Corp's plan to cap payments to victims of California wildfires blamed on the power producer is "totally unacceptable," a lawyer representing victims in the utility's bankruptcy case said on ...
On-Demand Cat Models: Xceedance, Oasis LMF Team Up
Xceedance, a global provider of insurance consulting, managed services, technology, data sciences and blockchain solutions, announced on Sunday that it is teaming up with the Oasis Loss Modelling ...
Top 25 Non-Life Reinsurers: Munich Re Leads A.M. Best Ranking
Munich Re tops a ranking of global non-life reinsurers, eclipsing Swiss Re by more than $2.5 billion in gross premiums on a list extracted from an A.M. Best analysis. The rating agency's special ...
The Latest Launches From Coalition, Liberty Mutual/Ironshore and Aon
Coalition launched an incentive program designed to encourage policyholders to implement cyber attack mitigation known as MFA. Liberty Mutual's Ironshore Environmental is introducing a smartphone app ...