Industry News
Berkshire Hathaway Accused of ‘Reverse Ponzi Scheme’ in Workers Compensation Suit
Berkshire Hathaway Inc. duped a New York bicycle courier company into paying for a workers' compensation plan that diverted premiums into the insurer's own subsidiaries in violation of state laws, ...
The Latest Launches From Allianz, RMS, Willis Re and More
Allianz Global Corporate and Specialty added a new company to its panel of experts that helps businesses minimize post cyber-attack damage. RMS unveiled a new exposure analytics product. Willis Re is ...
AXIS CEO May Pursue New M&A Target (Not PartnerRe)
Axis Capital Holdings Ltd., the reinsurer seeking to grow its business after losing a bidding war for PartnerRe, is looking for more partnerships and may try another comparable takeover, its chief ...
Top 25 Non-Life Reinsurers: Swiss Re Leads, Berkshire Drops in A.M. Best’s 2016 Ranking
Swiss Re landed on top of a ranking of global non-life reinsurers, just edging out Munich Re by a few hundred million dollars in premium on a list extracted from an A.M. Best analysis. The rating ...
U.S. Motor Vehicle Premiums Will Plunge as Autonomous Vehicles Advance: Aon Benfield
The rollout of autonomous vehicles over the next few decades could lead to a massive reduction in U.S. motor vehicle premiums in the coming years, Aon Benfield said in a new report. Expectations are ...
Trov Teams With Munich Re for 2017 U.S. Launch of On-Demand Insurance Platform
Trov, an on-demand insurance startup, is revving up plans to enter the U.S. market in 2017, by way of a partnership with Munich Re. Plans call for phasing in Trov's on-demand insurance into all 50 ...
Executives On The Move at The Hartford, XL Catlin, QBE North America and More
The Hartford named its first-ever chief strategy and ventures officer, with a goal of driving new growth through innovation. XL Catlin appointed an executive to serve as global head of underwriting ...
Over 80% of Homes Damaged in Louisiana Storms Lack Flood Insurance: Impact Forecasting
Extreme August flooding in Louisiana and the Midwest took its toll in August, causing between $10 billion and $15 billion in economic losses, according to Aon Benfield's Impact Forecasting. Public ...