Industry News
Russian Reinsurer Seeks Expansion into China, India, Middle East, Africa
Russian National Reinsurance Company (RNRC) aims to expand into China, India, the Middle East and Africa to increase income from premiums and diversify beyond Russia, the chief executive said. ...
UK PM May Pursues Brexit Strategy Reboot With Transition Period Request
U.K. Prime Minister Theresa May will reboot her Brexit strategy on Friday by proposing a period of transition after the split with the European Union even if that means continuing to send money to ...
Global Reinsurers Pummeled by Storms, Quakes
A profit warning from one of the world's largest reinsurers is the latest sign that the death and destruction from a spate of hurricanes and earthquakes in North America are now taking a toll on the ...
Executives On The Move at The Hartford, Starr Companies and JLT Specialty USA
The Hartford has a new treasurer. Starr Companies promoted an executive in its Domestic Accident & Health division. JLT Specialty USA named a new director. *** Sabra Purtill is The Hartford's new ...
Harvey, Irma Could Threaten Record Homeowner/Rental Insurer Customer Service Scores: J.D. Power
Homeowners and renters are giving record-high customer satisfaction scores to their insurers, but Hurricanes Harvey and Irma could place those numbers in jeopardy as property losses mount, J.D. Power ...
Fitch’s Hurricane Irma Insured Loss Estimate Hovers Between $25B-$50B
Estimated insured losses for the insurance industry for Hurricane Irma range from $25 to $50 billion based on a number of estimates, according to a report from Fitch Ratings. Fitch's calculation ...
V2V Driverless Technology Regulations Stall Under Trump
The technology that gives cars superpowers to see around corners and through walls won't be on the first self-driving rides hitting the road in the next few years. Vehicle-to-vehicle communication ...
Over Half of Allstate $553M August Hurricane Harvey Losses Were Auto Claims
Hurricane Harvey slammed The Allstate Corp. with an estimated $553 million in catastrophe losses in August, the insurer said. More than half related to auto claims. The pre-tax gross estimate is a ...