Industry News
Allstate’s July Pre-Tax Catastrophe Losses: $181 Million
The Allstate Corp. said pre-tax catastrophe losses in July reached $181 million, with more than half of the cost coming from severe wind, hail and rain events in the U.S. Midwest. Broken down, 13 ...
U.S. Govt. Sued for Alleged Slow Implementation of Rear Vehicle Seat Belt Rules
A new lawsuit accuses the U.S. government of being too slow to implement rules requiring that rear seat vehicle passengers be warned when they fail to buckle their seat belts. In a complaint filed on ...
Prudential Reportedly Plotting Escape From ‘Too Big to Fail’ Label
Prudential Financial Inc. is laying the groundwork to escape the government's label that it's too big to fail, a move that would dramatically reduce federal oversight of the largest U.S. life ...
Munich Re, Swiss Re, Hannover Re, SCOR Are Keeping Pricing Discipline in Tough Market: Fitch
The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite ...
Why Should RPA Matter to Insurers? Kryon CEO Tayeb Explains
Kryon Systems CEO Harel Tayeb operates in a technology space that he asserts is increasingly important to insurers. His Israel-and New Jersey-based company develops and sells robotic process ...
AIG Is Reportedly Trying to Sell $2B Portfolio of Life Settlements Business
American International Group Inc wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, two people familiar with the matter said. AIG, the ...
Executives On The Move at AmTrust and Greenlight Capital Re
AmTrust has a new chief information officer, an executive chosen from within the company. Greenlight Capital Re hired an outside executive to fill the newly created position of chief operating ...
Global Insurance Rates Continue Their (Moderated) Fall: Marsh
Global insurance renewal rates fell for the 17th consecutive quarter in the second quarter of 2017, according to Marsh's Q2 2017 Global Insurance Market Index. Despite the continuing decline, Q2 ...