Industry News
The Latest Launches From Starr and MS Amlin
Starr Insurance Companies is expanding its drone insurance program with a key partner. MS Amlin said it has used a new digital trading product to upgrade a key offering. *** Starr Insurance Companies ...
Boeing Crash, Storms, Floods Dent Swiss Re’s Q1 Profit
Reinsurer Swiss Re AG's reported an unexpected 6 percent fall in quarterly net profit on Friday as claims from large losses offset higher net premiums and a solid return on investments. Net profit ...
Forms are the foundation of every insurance product. So why does managing them still feel like the slowest part of...
Executives On The Move at AXIS Capital Holdings and Hamilton Re
A Chubb veteran is joining AXIS Capital Holdings Ltd. as its Group Chief Actuary. Hamilton Re promoted an executive to the role of senior vice president, Risk & Analytics. *** AXIS Capital ...
Argo Group, Challenged by Shareholder Voce Capital, Sees Q1 Jump in Net Income
Argo Group is reporting a healthy increase in net income for its 2019 first quarter even as activist shareholder Voce Capital Management continues to allege excessive spending practices by the ...
Munich Re Subsidiary Sells Turkish P/C Arm to German Insurer Talanx
The German insurer Talanx has acquired the property/casualty insurer ERGO Sigorta A.S. from a Munich Re subsidiary. Financial details of the transaction where not disclosed. Talanx purchased ERGO ...
Markel Subsidiary State National Will Front Tesla’s New Insurance Venture
Elon Musk's Tesla plans to launch its own insurance product for Tesla drivers, which will be fronted by Markel Corp.'s subsidiary, State National. Markel's Co-Chief Executive Officer Richard R. Whitt ...
PG&E Pursues U.S. Court Sign-Off for $105M Fund to Aid Wildfire Victims
PG&E Corp on Wednesday sought court approval for a $105 million fund to help house victims of the wildfires blamed on the bankrupt California power provider. PG&E in a filing in U.S. ...
Chubb Sees a ‘Rational Market’ With ‘Forward Momentum’: CEO Greenberg
Chubb Chairman and CEO Evan Greenberg referred to his company as being in the midst of a "rational market" and appeared pleased with its direction and tone so far in 2019. "In the first quarter, in ...