News
France’s AXA Will Divest its $2B in Tobacco Industry Assets
AXA SA, France's largest insurer, said it will stop investing in tobacco and divest all of its 1.8 billion euros ($2 billion) of assets in the industry. AXA will sell about 200 million euros of stock ...
AIG, Prudential Won’t Need Bank Capital Rules: Fed Reserve Governor
U.S. insurers deemed big enough to threaten the financial system will probably face capital standards that are simpler and less costly than those imposed on Wall Street banks, Federal Reserve ...
The Latest Launches from XL Catlin, Guy Carpenter and Assurant
Guy Carpenter & Co. and a partner are coming up with a new cyber aggregation model. XL Catlin beefed up its professional liability coverage for small U.S. architectural and engineering firms. ...
Many Auto Insurance Websites Disappoint Consumers: J.D. Power
Auto Insurance executives may want to take a second look at their consumer websites. While overall customers are more satisfied with their experience shopping online for auto insurance, they are less ...
RenaissanceRe to Host Forum Addressing Lessons Learned from Superstorm Sandy
Catastrophe reinsurer RenaissanceRe is hosting approximately 150 leading environmentalists, policymakers, scientists and insurance industry experts at a forum to discuss the recovery of lower ...
Beleaguered Pelvic Mesh Maker Attempts to Shift Liability to Doctors, Others
American Medical Systems, a major defendant in litigation over controversial vaginal mesh devices, is accusing "a pyramid of businessmen, doctors and lawyers" of luring women into unwarranted ...
Berkshire Hathaway’s Jain Chooses ‘Zero Maintenance’ Executive to Lead Gen Re
General Reinsurance Group is getting a new CEO: Berkshire Hathaway reinsurance senior executive Kara Raiguel, who is described by her boss as a "secret weapon," "zero maintenance," and a "true ...
Practical Tips for Disrupting Insurance Distribution
Creating anything less than an online agency directly offering bindable insurance rates from a limited selection of carriers won't cut it for technology companies trying to disrupt insurance ...