Industry News
Zurich Insurance in Asia Pacific Region Revamps Commercial Insurance Structure
Zurich Insurance has revamped the structure for its Commercial Insurance business in the Asia Pacific Region, following the combination of its Global Corporate and Commercial units into a single ...
Guidewire Closes $160M Deal for Tech Company ISCS, Launches Cloud-Focused Product
P/C software company Guidewire said it has completed its $160 million acquisition of cloud computing tech outfit ISCS, about two months after the deal between the California companies was first ...
Unlike Some Automakers, Ford Is Fully Committed to Developing Totally Autonomous Cars
As Ford Motor Co. has been developing self-driving cars, the U.S. automaker has started noticing a problem during test drives: Engineers monitoring the robot rides are dozing off. Company researchers ...
Global Insurance Rate Decreases Moderated Yet Again in Q4: Marsh
Global insurance rate decreases moderated on average for the fourth consecutive quarter, down 3.1 percent (compared to the previous quarter's decrease of 3.2 percent), according to Marsh's Global ...
Allianz Profit Climbs, $3.2B Share Buyback to Come
Allianz SE reported a 23 percent increase in fourth-quarter net income and announced its first-ever share buyback as Europe's biggest insurer makes good on a promise to return excess cash to ...
Lloyd’s to Name Ex-CEO of Marsh Europe as New Chairman
Bruce Carnegie-Brown, former CEO of Marsh Europe and non-executive chairman of Aon UK, will shortly be named the new chairman of Lloyd's, according to market sources. He succeeds John Nelson, who had ...
How to Better Tell the Insurance Industry’s Story and Attract New Employees
What if I told you I work in a business that helps farmers in Kenya and Rwanda maintain their standard of living when drought destroys their crops? Or that my company replaces the income of small ...
CNA Brings on Ex-Endurance Exec Worman as Chief Underwriting Officer
CNA has chosen a former Endurance executive to fill the newly-created position of executive vice president and chief underwriting officer. Douglas Worman will take on his new duties on March 7. He'll ...