International
Travelers CEO Fishman: U.S. Tax Rates Push Rivals to Bermuda and Elsewhere
Jay Fishman, who built New York-based Travelers Cos. into one of the world's biggest insurers, lamented that disparities in tax rates are pushing established rivals and industry newcomers outside the ...
P/C Insurance M&A Is Growing Rapidly With No Sign of Letting Up
Clyde & Co. and A.M. Best quell any remaining doubts about the return and acceleration of high-profile insurance/reinsurance M&A deals in two new reports. What's more, while transactions are ...
Early AI initiatives in personal auto have largely focused on improving efficiency within individual functions, from claims and customer service...
Bill Cosby Wants AIG to Pony Up Defamation Defense Coverage
Bill Cosby, citing financial pressures, asked a federal judge to dismiss or put on hold a lawsuit in which American International Group Inc seeks to avoid paying for his defense against defamation ...
Cyber, Tech, Longevity and Casualty Catastrophe Are Key Emerging Risks: Guy Carpenter
A new report from Guy Carpenter & Co. identifies cyber, technology, longevity and casualty catastrophe as key areas of emerging risk for the (re)insurance industry and discusses the importance of ...
Hanover CEO Eppinger is Leaving After 12 Years; Replacement Search Has Begun
The Hanover Insurance Group's longtime CEO is stepping down, and a search for his replacement at the Massachusetts property/casualty insurer has already begun. Frederick Eppinger plans to remain in ...
Reinsurers at Monaco Meeting Question Pricey M&A in Wake of Amlin Deal
Global reinsurance executives who met in Monaco questioned whether a frenzy of mergers in Europe means buyers of Lloyd's of London insurance companies are paying too much. Deal-making will continue ...
Swiss Re CFO Predicts Some Will View Outsider Reinsurance Takeovers as ‘Adventuresome’
Some takeovers in the reinsurance industry by investors from outside the sector may ultimately be viewed as "adventuresome," the chief financial officer of reinsurer Swiss Re said. The reinsurance ...
Underinsurance of Property Risks is Growing Globally: Swiss Re Report
The underinsurance of property risk – particularly natural catastrophe risks – has risen steadily over the past 40 years, even though claims payments have increased significantly during that ...