Industry News
Hartford CEO Swift Made $10M in 2015, Almost Double the Previous Year
Hartford Financial Services Group Inc. said that Chief Executive Officer Chris Swift's pay package nearly doubled to $10 million for last year as stock awards climbed. The compensation included a ...
Chubb CEO Greenberg Predicts Economic Trouble as Debt Financing Unwinds
Evan Greenberg, the chief executive officer of insurer Chubb Ltd., said companies may find it difficult to obtain financing after central banks have propped up economic growth for years, likening ...
Producer compensation programs send clear messages about what a carrier values. Commission rates, incentive structures, bonuses, and performance thresholds direct...
YouTube, Twitter Helped Activate Initial P/C Insurance Millennial Recruiting Effort
Aided by Twitter, YouTube and other social media, insurance industry groups and executives working jointly to attract more millennials assert their initial push in February made some significant ...
Hartford Expands Capabilities for U.S. Companies With International Risks
The Hartford has expanded its International Choice portfolio of insurance products and services for U.S. businesses with global operations or activities. The insurer is also teaming up with AXA ...
M&A Deals Fuel Continued Surge in Transactional Risk Insurance: Marsh
M&A deals spurred a double-digit jump in the use of transactional risk insurance in 2015 as players on both sides sought to limit risk and improve deal terms, Marsh has found. Marsh's mergers and ...
Allianz Will Unload South Korea Life Operations onto China’s Anbang Insurance
Anbang Insurance Group Co., which walked away from a bid to acquire Starwood Hotels & Resorts Worldwide Inc. last week, has agreed to buy Allianz SE's operations in South Korea. The Chinese ...
AIG Reportedly Will Eliminate 125 UK Jobs, Following NYC Cuts
American International Group Inc., the insurer under pressure from activist investors, may eliminate about 125 positions in the U.K. as it scales back in certain countries and moves jobs to ...
March Storms in the U.S. Could Cost Insurers $2B: Aon Benfield
Seven severe convective storms hit the U.S. during March, impacting nearly every part of the country and costing the insurance industry an estimated $2.0 billion, according to the latest Global ...