News
Mutual Insurers Rebound (Slightly), Though Threats Remain: Swiss Re
Mutual insurance companies have gained back some of the global market share they lost due to demutualizations in recent years. Those gains are threatened, however, by new financial regulations, ...
How ‘Prosumers’ and More Can Help Insurers Embrace the Digital World
Major shifts in technology and the way we do business are bringing fresh pressures to bear across the business world. Consumer expectations are shifting. Everyone has to raise their digital game or ...
Ironshore Owner Fosun Plans Massive Asset Sale to Reduce Debt
Fosun Group, one of China's most acquisitive conglomerates, is preparing to sell as much as 40 billion yuan ($6 billion) in assets as it focuses on raising its credit rating to above junk. After ...
German State of Bavaria Source of VW’s Latest Emissions Scandal Suit
The German state of Bavaria said on Tuesday it would sue Volkswagen for damages caused by its emissions-test cheating scandal, the first regional government in VW's home country to take legal action ...
CNA’s Specialty Arm Helped Carry Q2 Toward Solid Results
CNA Financial Corp. dealt with higher catastrophe losses in its 2016 second quarter. But the property/casualty insurer did well in its specialty and commercial divisions, and net income soared. Also, ...
FDA Moves to Protect Blood Supply After Florida Zika Reports
The U.S. Food and Drug Administration has ordered blood banks in Florida's two most densely populated counties to stop collecting blood as health officials determine whether Zika has begun ...
Kemper Wins A.M. Best Ratings Affirmation, Plus Warnings of Limited Growth
Kemper Corp. won some ratings affirmation validation from A.M. Best, but that good news is paired with a warning of the insurer's limited growth potential down the line. A.M. Best affirmed the ...
Executives On The Move at Chubb, JLT Re, QBE and GEICO
Chubb has a new chief reinsurance officer. JLT Re named a new Atlanta-based executive. QBE North America hired on a new executive from The Hartford. GEICO promoted a rising executive in New York. *** ...