Industry News
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 ...
Spain and Netherlands Will Push for Soft Brexit Deal to Keep UK Close
Spanish and Dutch finance ministers have agreed to push for a Brexit deal that keeps Britain as close to the European Union as possible, according to a person familiar with the situation. Spanish ...
The Hartford, Travelers Among Companies Offering Trump Tax Law-Related Bonuses
Hartford, Conn.-based The Hartford and New York City-headquartered Travelers confirmed they are among several companies giving their employees bonuses of $1,000 each if they earn $75,000 or less ...
RenRe, RGA Launch Langhorne Re, a Life/Annuity Reinsurer
Catastrophe reinsurer RenaissanceRe is getting into the life/annuity reinsurance business. The company disclosed that it, along with Reinsurance Group of America, a global life insurer, have launched ...