Industry News
XL Catlin Introduces Wholesale Pollution and Professional Insurance Policy for U.S. Trade Contractors
XL Catlin's North America Environmental insurance business has developed a new wholesale pollution and professional insurance policy for U.S. trade contractors. XL Catlin's new wholesale Contractors' ...
Erie Insurance Tests Google Glass as Underwriting Workforce Efficiency Tool
Erie Insurance is testing the use of Google Glass in a bid to boost workforce efficiency, something it says will be crucial as waves of baby boomers retire from the industry over the next few years. ...
Allianz, AXA, USAA Recognized in First Innovation in Insurance Awards
Allianz, AXA and USAA are among the winners of the first annual Innovation in Insurance awards. The program, jointly launched by Efma and Accenture, seeks to reward and foster innovation in the ...
U.S. Flood Insurance Reform Will Spur Trickle of New Players: S&P
Opening U.S. flood insurance to private insurers won't lead to a surge of new market entrants, Standard & Poor's asserts in a new report. Even if Congress passes legislation to make the change as ...
Allianz, AXA See Demand Surge For German Bank Cash Insurance
Europe's top insurers are selling protection to German banks that hoard billions of euros of cash in vaults to avoid paying a penalty by parking it at the European Central Bank, company executives ...
Soft Market Remains Top Reinsurance Industry Worry: Xuber Survey
Soft market conditions continue to be the biggest concern for the industry, followed by regulation, competition from third party capital, low investment returns, cyber crime and maintaining ...
Pandemics and Climate Change Present Opportunity for Insurers
The shoe may eventually be placed on the other foot for the U.S. This nation has a long-standing tradition of innovating products and ideas—particularly insurance products—and then exporting them ...
Marketform Rebrands as ‘Neon’ After Completing Strategic Review
Marketform, the specialist Lloyd's insurer, announced that the group has re-launched as "Neon." The re-launch coincides with the completion of a strategic review of the business, as CEO Martin Reith ...