News
For RenRe CEO O’Donnell, Acquiring Tokio Millennium Re Is All About Independence
RenaissanceRe's planned $1.5 billion purchase of Tokio Millennium Re (TMR) reinforces its strategy of being an independent reinsurer, according to Kevin O'Donnell, president and CEO of RenRe. "The ...
PCI Elects New Officers to Board of Governors
The Property Casualty Insurers Association of America (PCI) elected new officers to its Board of Governors on Oct. 29 during the association's annual meeting. Pete McPartland, chairman of the board, ...
PCI Annual Meeting: Regulators Sound Off on InsurTech, Driverless Vehicles and More
Insurance regulators from Florida, South Carolina and Tennessee assert that they're working well with innovators seeking to bring InsurTech into company operations and customer interactions. "There ...
Mudslides Following Typhoon Yutu Devastation in Phillippines Kill 10 People
At least 10 people were killed and about 20 are missing in a trail of landslides in the mountainous region of northern Philippines after the devastation caused by Typhoon Yutu, according to ...
Suit Alleges Tesla Overstated Autopilot Safety
Tesla Inc. was accused in a lawsuit of misleading consumers into believing that the Autopilot system on its cars can safely transport passengers at highway speeds. A Model S driver who was injured in ...
Global Insurance M&A Activity Rose in H1 2018, Fueled By Mega Deals
Global insurance mergers and acquisitions rose to 37 billion euros in the first six months of 2018, with a host of mega deals resulting in the highest first-half total since the financial crisis, a ...
PCI Panel: Carriers Should Encourage Flood Insurance Even Outside of a Hazard Zone
It might be time for carriers and agents to encourage their clients to buy coverage even if they're not living and working inside a flood zone. Such an action is long overdue, according to insurance ...
Buying Instead of Selling, RenRe to Acquire Tokio Millennium Re for $1.5B
Less than two months after one of RenaissanceRe's shareholders urged the Bermuda-based reinsurer to consider putting itself up for sale, the company announced it will buy another reinsurer ...