Industry News
Chubb CEO Greenberg Rolls Out Welcome Mat for High Net Worth Competitors
Estimating that the high-net-worth (HNW) personal lines market has more than $30 billion worth of business up for grabs, and the small commercial lines market, another $80 billion, Chubb Limited CEO ...
Commercial Auto Insurance Remains a Loser on the Whole: Fitch
While the property/casualty insurance industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole reported an underwriting loss for the ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
Sapnar Elected RAA Board Chair
Michael Sapnar, president and CEO of Transatlantic Re, was elected chair of the Reinsurance Association of America's board of directors at the 48th annual meeting on April 28, 2016. Sapnar is ...
Two Sigma Co-Founder Siegel: Machines Taking Over Human Jobs Worrisome
David Siegel, co-founder of $35 billion quantitative hedge fund Two Sigma, says he's "very worried" that machines could soon cost large swaths of the global workforce their jobs. "Most people in the ...
RSA More Valuable Since Zurich Bid Dropped: CEO Hester
RSA Insurance Group Plc Chief Executive Officer Stephen Hester says the company, which was the subject of an abandoned 5.6 billion-pound ($8.1 billion) takeover offer, is now much more valuable for ...
Japanese M&A Wave to Continue in U.S. Insurance Market: Bankers
Japanese insurers made more than $18 billion worth of acquisitions in the U.S. last year, and their spending spree isn't over yet, industry dealmakers said on Tuesday. Japan has a number of large, ...
U.S. Mortage Insurance Brightens an Uneven 2016 Global Market: S&P
Mortgage insurers in the U.S. are set for a robust 2016, a bright spot in an otherwise uneven global market, where success will depend on the region of the world in which carriers are doing business, ...
MAPFRE Promotes CEO Credited with Greatly Expanding U.S. Operations
MAPFRE S.A. made two big changes to its global executive roster, with one executive in particular gaining a greater role after successfully growing the insurer's U.S. operations. The Spanish ...