Industry News
Allstate’s 2016 Ended With Solid Profit, Despite $835M More Catastrophe Losses
Allstate ended 2016 with a solid profit thanks to premium hikes and tighter underwriting, despite a $853 million jump in catastrophe losses over the previous year. The property/casualty insurer ended ...
In the UK, Price Drives Insurance Policy Choices for Small/Medium-Sized Businesses
The cost of insurance premiums was ranked as the top deciding factor when picking a policy by 61 percent of small and medium-sized enterprises (SMEs), according to survey data released by ...
Swiss Re, Software Firm SAP SE to Develop Financial Steering/Reporting Product
Swiss Re has formed a strategic partnership with software company SAP SE to develop a product addressing the increasingly complex demands of global regulators regarding financial steering and ...
Allianz, Japanese Financial Firm Invest in U.S. Wind Farm Owned by French Utility
Allianz and Japanese bank Mitsubishi UFJ Financial Group (MUFG) have invested in a U.S.-based wind park owned by French utility EDF , Allianz said, as the German insurer expands its renewables ...
Chubb Debuts High-Net-Worth, Family Office Services in Canada
Chubb Insurance Co. of Canada has launched an array of complimentary services for its high-net-worth and family office customers. Signature Suite™ is designed to help protect and enhance affluent ...Chubb CEO Greenberg Warns ‘Shutting Our Doors to Immigration Is a Mistake’
Chubb Chairman and CEO Evan Greenberg has criticized recent efforts by new U.S. President Donald Trump to restrict immigration, and also expressed concern for nationalist and protectionist sentiment ...
W.R. Berkley CEO Chides P/C Companies for Fighting Change
W.R. Berkley Corp.'s president and CEO chided the property/casualty insurance industry for being slow to change and embrace technology to improve efficiency and meet customer demands. "We continue to ...
Prediction: Travel Insurance Could See 5 Percent Growth in 2017
Travelers insurance sales could grow as much as 5 percent in 2017 due, in part, to an expected increase in vacation travel and more worries about international terrorism, a division of Berkshire ...