International
Falling Prices Advantage Large Reinsurers, Pressure Smaller Firms
A slump in reinsurance prices is playing to the strengths of the biggest global reinsurers, while piling pressure on smaller competitors to diversify or consolidate. Reinsurers, which help insurers ...
Rolls-Royce Drone Ships Promise Safer, Cheaper Cargo Industry
In an age of aerial drones and driverless cars, Rolls-Royce Holdings Plc is designing unmanned cargo ships. Rolls-Royce's Blue Ocean development team has set up a virtual-reality prototype at its ...Swiss Re Acquires Stake in Colombian Surety Company
Swiss Re Corporate Solutions and owners of Compañía Aseguradora de Fianzas S.A. Confianza ("Confianza") have signed an agreement under which Corporate Solutions will acquire a 51 percent stake in ...
FASB Tables Convergence Efforts; What It Means for U.S. P/C Insurers
The Financial Accounting Standards Board announced in February that it will no longer pursue a full revamp of insurance contract accounting but instead will consider only targeted improvements. For ...
Guy Carpenter’s Satellite Imaging Service Assisting Insurers with UK Floods
Reinsurance specialist Guy Carpenter & Co. recently launched a satellite-based catastrophe evaluation service, GC CAT-VIEWSM, which it is already using to provide clients affected by the recent ...
Most Profitable Insurer Piggybacks on Bank Sales Channel
BB Seguridade Participacoes SA's strategy of piggybacking on its corporate parent's 5,400 bank branches to sell policies is making it the world's most profitable insurer. The company will post a 44 ...
AIA Reports New Business Value, Operating Profit Hit Records
AIA Group Ltd., the second-largest Asia-based insurer, said the value of new business and its operating profit hit records in 2013. The shares rose. AIA reported a 25 percent increase in the value of ...
AXA Seeking Acquisitions in Emerging Markets
French insurance group AXA is looking for more acquisitions in emerging markets, the company said after posting a 14 percent rise in full-year net income and lifting its dividend by 13 percent. Faced ...