Industry News
Purviance Succeeding DeCarlo as AmWINS CEO; DeCarlo Becoming Executive Chair
Charlotte-based global wholesale broker AmWINS Group announced that Scott M. Purviance will succeed M. Steven DeCarlo as the company's chief executive officer, effective May 1, 2018. DeCarlo, who has ...
Cyber Most Feared Business Interruption Trigger: Allianz Risk Report
Business interruption and cyber incidents interlink as the major threat facing companies over the coming year, according to a report published by Allianz Global Corporate & Specialty (AGCS). ...
Lemonade Co-Founder Calls Out Amazon for Poaching Employees
With two social media posts, Lemonade Co-Founder Shai Wininger called out Amazon for poaching the employees of his insurance carrier powered by artificial intelligence and behavioral economics, also ...
AIG CEO Duperreault: Progress Made, Improvement Needed in Bringing Young Employees to Insurance
American International Group CEO Brian Duperreault said an effort launched about two years ago to recruit more young people to the property/casualty industry is making some progress, but there is ...
Legacy Biz Hurts GE; CEO Floats Breakup Option After $6.2B LTC Insurance Charge
General Electric Co. indicated it is looking closely at breaking itself up on Tuesday as the conglomerate announced more than $11 billion in charges from its long-term care insurance portfolio and ...
Deutsche Bank, Digital Broker Friendsurance Form Partnership
Deutsche Bank and digital insurance broker Friendsurance have formed a partnership designed to make it simpler and more transparent and convenient for clients to arrange for their insurance needs. To ...
E&S Deal: CapSpecialty Buys Renewal Rights to Rockhill Environmental Biz from State Auto
Capitol Indemnity Corp., a wholly-owned subsidiary of CapSpecialty Inc., said it has acquired the renewal rights to Rockhill Insurance Group's excess and surplus environmental insurance book of ...
Federal, State Regulators Propose Consolidated Collection of Terrorism Insurance Data
The process carriers follow to collect data required under the U.S. federal terrorism reinsurance program are moving toward a more streamlined approach in 2018. Previously, U.S. Department of ...