Industry News
Ex-Chubb Exec Joins AIG to Lead Global Accident & Health Division
American International Group Inc. is bringing over a former Chubb executive to lead one of its major divisions. Edward Levin is AIG's new global head of Accident & Health, General Insurance. ...
Allianz Reportedly Negotiating to Acquire Malaysian Auto Insurer
Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia's second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co., people with knowledge of the ...
The Latest Launches From Zurich and Ping An Insurance Group
Zurich Insurance debuted a new travel insurance program for Canadians traveling abroad. The property/casualty arm of Ping An Insurance Group in China is rolling out a credit-based smart auto claim ...
North American Insurers Should See Stable Finances Through 2019: Standard & Poor’s
North American insurers' financial strength continues to be strong as the industry enters 2019, and that status should remain stable through the year, S&P Global Ratings said in a new report. ...
One Concern Envisions Wide Use for Its AI Disaster Mitigation Tech
Ahmad Wani was home in 2014 visiting his mother in Kashmir, in northern India, when the floods hit. For seven days, the family waited for help to come. Luckily, they did not lose their home, but many ...
Bermuda Market ‘Resilient’ Despite Higher Cat Losses, U.S. Tax Reform Changes: Fitch
Bermuda-based insurers and reinsurers continue to be tested by challenging market conditions, including heightened catastrophic losses and diminishing competitive advantage resulting from U.S. tax ...
Damaging East Coast Winter Storms Won’t Fade Away Under Climate Change
Climate change may melt away smaller snow storms but it won't be able to hold back more powerful East Coast systems. Minor storms that drop mere inches of powder will become rare by the end of 21st ...
Life After Brexit for UK Financial Sector: British Lawmakers Explore Options
British lawmakers launched an inquiry on Friday to determine if the country should track European Union rules or cut loose to best serve its financial sector after Brexit. Finance is Britain's ...