Industry News
Covea Abandons Hostile Takeover of French Reinsurer SCOR
Scor SE slumped the most in more than a decade in Paris trading after rival Covea abandoned efforts to buy the French reinsurer, ending one of the country's most acrimonious takeover attempts in ...
AXIS Loses Nearly $200M in Q4
AXIS Capital Holdings closed out its 2018 fourth quarter with a nearly $200 million net loss, something President and CEO Albert Benchimol blamed largely on higher property catastrophe losses. The ...
Commercial Auto Has a Long Way to Go Before Rebounding: W.R. Berkley CEO
Despite better pricing, commercial auto still has a way to go before it rebounds from its long-term problems, according to W.R. Berkley Corp.'s president and CEO. "It is very clear that the market is ...
W.R. Berkley’s Reinsurance Combined Ratio Worsens; Q4 Net Income Dips
W.R. Berkley Corp. ended 2018 with a decline in net income and worsening reinsurance combined ratio, thanks to higher catastrophe loss expenses. At the same time, insurance premiums and investment ...
The Latest Launches From QBE and Sompo International
QBE North America has debuted what it says is a novel customer approach for its financial institutions customers that combines otherwise separate silos. Sompo International Holdings Ltd. is teaming ...
Travelers Gains Approval to Open Post-Brexit Subsidiary in Ireland
Travelers' European arm has been granted a license to open a subsidiary in Ireland. "During the Brexit negotiations, our priority has been to ensure that we are positioned to continue meeting the ...
Accenture Starts Selling AI Automation Software Platform Tested Internally
Accenture Plc, the global consulting firm, will begin selling software and services that it's already used internally to automate tasks and redeploy about 40,000 workers. The new platform, that's ...
InsurTech Avinew Raises $5M; Helps Reward Use of Autonomous Driving Tech
InsurTech startup Avinew has raised $5 million in seed financing from American Family Insurance and others, with an eye on helping auto insurers reward drivers that use autonomous and semi-autonomous ...