Industry News
AIG’s Restructuring Efforts Earn Ratings Affirmation From Fitch
AIG ongoing focus on restructuring and deleveraging got a vote of confidence from Fitch Ratings. Fitch affirmed the insurer financial strength ratings of American International Group's ...
Cambridge Mobile Telematics Partners With Aioi Nissay Dowa Insurance to Develop Behavior-Based Telematics Program
Cambridge Mobile Telematics (CMT) and Aioi Nissay Dowa Insurance (ADI), a global insurance company, have formed a strategic partnership to bring a behavior-based telematics program to Japan. ...
Brexit Aftermath: Insurers, Other London Financial Groups Warm to Dublin
Ireland says the Brexit vote has led to a jump in enquiries from London firms considering opening offices in Dublin, one of a handful of European cities trying to draw business away from Britain's ...
Report: Tokio Marine in Talks to Buy RHB’s General Insurance Arm
Tokio Marine Holdings Inc is in exclusive talks to buy RHB Bank's general insurance unit in a deal that also includes an agreement to distribute the Japanese insurer's products through the Malaysian ...
UK PM Will Give Parliament Say on Brexit Trigger
U.K. Prime Minister Theresa May plans to give Parliament "a say" on starting the formal process for withdrawing from the European Union, her spokesman said, though he declined to say whether ...
New Drone Regs Leads to Pilot-Licensing Stampede
Thousands of would-be drone pilots are racing to get licensed under new U.S. regulations that have opened an aerial stampede. More than 3,300 have signed up to take the test on Monday, the first day ...
Homeowners Insurance Shines While Personal Auto Struggles: Fitch
While the U.S. personal auto insurance industry continues to be a sick patient, homeowners coverage is a significant bright spot, according to Fitch Ratings' latest report. Private passenger auto ...
Small, Specialty Insurer Hiring Plans Surpass Larger Peers: Labor Study
Small insurers are expecting to do most of the hiring in the industry, according to a new survey, which also highlights the high demand for niche specialty commercial lines underwriters and claims ...