Industry News
Allianz’s El-Erian: Trade War Is Risky, But Technology Presents a Slow-Moving Opportunity
Mohamed El-Erian, the chief economic advisor for Allianz and former CEO of its PIMCO unit, warned that the evolving global trade war presents risks the insurance industry should worry about. On the ...
Berkshire Hathaway’s Q3 Profit Gains Spanned Insurance and Everything Else
Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday said its quarterly operating profit doubled as its insurance business dodged hurricanes and benefited from ...
Zurich Canada Revamps Both Its Organizational Structure and Executive Team
Zurich Canada announced a new organizational structure and team designed to simplify and strengthen the insurer's go-to-market approach. "We now have the structure in place to ramp up our support for ...
Congress Running Out of Time to Pass Self-Driving Vehicle Legislation
A push on Capitol Hill to speed development of self-driving vehicles may not cross the finish line in time for this Congress -- casting doubt on the future of unusually bipartisan legislation in ...
AIG CEO Duperreault Cautions Initial 2019 Underwriting Profit Won’t Be ‘A Great One’
American International Group has continued to face General Insurance underwriting losses since President and CEO Brian Duperreault took the helm of the struggling insurer in mid-2017. He remains ...
Liberty Mutual’s Q3 Net Income a Robust $282M, Thanks to Fewer Catastrophes
Liberty Mutual and its subsidiaries reported net income of $282 million and $1.911 billion for the three and nine months ended Sept. 30, 2018 versus net loss attributable of $665 million and $188 ...
QBE Creates Three Global Units in Structural Revamp; Exec Teams Named
QBE announced changes to its structure, designed to further simplify its operations and build a more streamlined, agile and customer-oriented business. Following the underwriting remediation in Asia, ...
AIG Loses Money Again, With Natural Disaster Costs to Blame
Catastrophe losses in Japan and North America pushed American International Group to a net loss of $1.3 billion for the third quarter of 2018 compared to a net loss of $1.7 billion in the prior-year ...