News
Former State Auto Leader Restrepo Joining RLI Board
RLI Corp. announced Monday that Robert P. Restrepo Jr. has been appointed to its board of directors, effective July 1, 2016. Restrepo led State Auto Insurance Cos. in Columbus, Ohio, as chairman, ...
AXA Plans to Cut $2.4B in Costs by 2020
AXA SA, France's largest insurer, plans to increase profitability through 2020 by seeking 2.1 billion euros ($2.4 billion) of cost cuts and growing digital investments to tap rising demand for ...
High-Tech Safety Features a Priority for Older Drivers
High-tech safety features have jumped to a high priority for older U.S. car-shoppers, who want to keep their freedom of mobility, a study released Tuesday reports. Among Americans 50 and up who plan ...
Berkshire’s Workers Comp Business Faulted by Calif. Regulator
California's insurance commissioner on Monday said a Berkshire Hathaway Inc. insurance business evaded a state law designed to protect small businesses from unexpected workers compensation costs. ...
S&P Conference Report: Brexit Burden Unwelcome, Industry CEOs Say
While insurers and reinsurers will be able to deal with the aftermath of an exit of the U.K. from the European Union, the time and cost involved are unwelcome intrusions to the business, executives ...
Swiss Re Cuts Risky Government Bonds, Hikes Corporates
The European Central Bank has turned government bonds into one of the riskiest asset classes, prompting Swiss Re AG to move more of its investments into corporate debt, according to the reinsurer's ...
Global Indemnity plc Redomesticating from Ireland to Caymans
Global Indemnity, plc announced Monday that its board of directors unanimously approved a plan to redomicile from Ireland to the Cayman Islands. Shareholders will be asked to vote in favor of ...
Loners and Terror Risk: NYPD Official Explains the Connection
Valor, empowerment, belonging. Three words that sound like they could be a rallying cry for joining the U.S. Marines form the message that draws disenfranchised individuals to terrorism, a New York ...