Industry News
China’s Anbang Insurance Group Draws Multiple Bidders for $200M in Japanese Real Estate
Anbang Insurance Group Co Ltd aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP, about two years after buying them from the U.S. investment firm, two ...
Cautious Carriers Often Pursue Innovation Warily: A.M. Best
Insurers are reluctant pursuers of innovation, cautious about disruption that new technology and systems can cause, even as they see the need for such changes. A new A.M. Best survey found that most ...
The Latest Launches From AXIS and Starr
AXIS Insurance and a partner will provide environmental risk products for contractors, consultants and engineers in the United States. Starr Insurance Companies is now marketing a monoline general ...
Executives On the Move at Chubb, AXA XL and Cooper Levenson
Chubb named a new head of North American Property Claims, as the old one plans a retirement at the end of 2018. AXA XL named a new key executive in the wake of AXA's acquisition of XL Group. A ...
Geopolitical Tensions Driving Political Risk Losses Higher Around the World
Political risk losses are rising around the world, thanks largely to rising geopolitical tensions, according to a new survey from Willis Towers Watson and Oxford Analytica. Approximately 55 percent ...
Brexit Drama: UK PM May Vows Not to Flinch in Negotiations Impasse
Prime Minister Theresa May said Britain would not flinch in an impasse with the European Union about its departure from the bloc, as French and German ministers suggested the next move in the ...
Executives On The Move at Swiss Re and AXIS Reinsurance
Swiss Re is turning to a veteran Allianz executive for the new leader of its Corporate Solutions arm. An MS Amlin executive will join AXIS Reinsurance to lead its property reinsurance business at ...
P/C Insurers See Trump Tariffs Spiking Costs for Auto and Home Coverage
As U.S. President Donald Trump's administration continues to slap tariffs onto all kinds of consumer products, property/casualty insurers are increasingly concerned how some of these actions will ...