Industry News
AIG CEO Peter Hancock to Depart After Four Losses in Six Quarters
American International Group Inc. Chief Executive Officer Peter Hancock is stepping down after posting four losses in six quarters—results that hurt investors including activists Carl Icahn and ...
Successful IT Transformations Need CEO Vision, Follow-Through, Ambitious Targets : McKinsey
Insurance carriers pushing for a digital transformation in their operations won't go anywhere without the vision, follow-through and commitment of their CEO and senior leadership team. McKinsey & ...
AIG’s Brexit Antidote: A New Luxembourg Subsidiary Alongside Existing UK Operations
American International Group plans to counter Brexit-related challenges by having it both ways. The insurer said that starting in the 2019 first quarter, it will launch a subsidiary in Luxembourg to ...
Researchers Claim New Model Predicts Terrorist Behaviors With 90% Accuracy
Government agencies are not always successful using social media and telecommunication to uncover the intentions of terrorists because terrorists are now more careful in utilizing these technologies ...
Humans Cause 84% of U.S. Wildfires
Humans have been the culprits behind hundreds of thousands of wildfires in recent decades, and they will probably make things a whole lot worse in coming years. Research from the University of ...
Executives On The Move at PartnerRe, CoreLogic and Argo Group
PartnerRe hired a former Aon Benfield executive to be its new head of Latin America. CoreLogic appointed a new CEO, after the unexpected passing of its previous leader. Argo Group International ...
BHSI Launches Accident & Health Insurance and Services in Asia
Berkshire Hathaway Specialty Insurance Co. (BHSI) has expanded its presence in Asia with the introduction of Group Personal Accident, Corporate Travel and Expatriate Medical Insurance in Singapore ...
Progressive’s Flo Is Ready to Win Over ‘Rate Shock’ Drivers
Progressive Corp., the fourth-largest U.S. auto insurer, boosted spending on marketing this year to win customers after scaling back in the second half of 2016 when increased costs from car accidents ...