Industry News
May’s Brexit Rebellion Worsens; Second Referendum Proposed
Theresa May's long-running battle with her divided Conservative Party took a potentially more dangerous turn, as one of her former ministers began assembling lawmakers to vote against her Brexit ...
To Build a Blockchain, Keep Expectations Measured and ‘Park Your Ego’ at the Door
Insurers hesitating about blockchain investments should definitely get into the game, but keep their expectations reasonable and measured, according to a recent panel of experts who spoke at the ...
Trump Tax Cuts, Lower Cat Losses Helped Make Q1 U.S. P/C Results Soar
Tax reform and lower catastrophe losses helped make all the difference for private U.S. property/casualty insurers in the 2018 first quarter. Their net income after taxes surpassed $17 billion during ...
Executives On The Move at Chubb and GEICO
Chubb promoted one of its executives to lead its European Personal Risk Services division. GEICO named an executive to a vice presidential role handling recruitment, hiring and training of new ...
Lloyd’s Platform Likely Can’t Be Used for Iran Insurance; U.S. Sanctions to Blame
New U.S. sanctions are likely to prevent the use of a Lloyd's of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European ...
Fitch Affirms Liberty Mutual’s Financial Strength Ratings but Lowers Outlook
While Fitch affirmed Liberty Mutual Group's financial strength ratings, the news isn't all good: Its ratings outlook got lowered a notch. Liberty Mutual's tough 2017 is largely to blame for the ...
Insurers Should Plow Ahead With Brexit Plans, Despite UK Govt. Instability
Brexit controversies risked breaking British Prime Minister Theresa May's government in recent days. But the uncertainty won't, and shouldn't stop carriers from pursuing their post-Brexit plans to ...
Unsung Heroes Of The Insurance Industry
When Roger Schmelzer belts out a favorite tune at one of the top cabaret venues in the country, he's not just doing it for pleasure. He's singing his heart out for kids with cancer and to support the ...