News
Proposed Solvency Rules Give Lloyd’s, Other British Insurers Key Exemption
Britain's biggest insurers will be exempt from having their most important indicator of financial health externally audited under proposals issued by the Bank of England on Friday. New European Union ...
Just 4 Percent of Millennials Say They Want Insurance Careers: The Hartford Survey
As property/casualty insurers continue a quest to attract younger, millennial employees, a new survey underscores how difficult their task continues to be. Just 4 percent of millennials see insurance ...
Allstate’s October Pre-Tax Cat Losses Hit $172M
Allstate Corp. reported $172 million in estimated pre-tax catastrophe losses for October, stemming in part from higher than anticipated reported claims during the winter in early 2015. Broken down, ...
JLT Specialty USA Adds Marine Specialty Practice
JLT Specialty USA, part of Jardine Lloyd Thompson Group plc, has added a marine specialty practice. The new practice is part of JLT Specialty USA's strategy of expanding its U.S. capabilities and ...
PartnerRe Shareholders Agree to EXOR’s Planned $6.9B Acquisition
PartnerRe's shareholders OK'd EXOR's planned $6.9 billion acquisition of the Bermuda-based reinsurer, clearing the way for the deal to close in the 2016 first quarter. The affirmative vote, held on ...
Federal Reserve Closing the Door on AIG-Style Bailouts
The Federal Reserve is on the verge of relinquishing the tools it used to rescue American International Group Inc. and Bear Stearns Cos. That probably won't appease lawmakers who've said they're ...
Willis Boosts Towers Watson Merger Offer to $8.9B
Willis Group Holdings Plc, the third-largest insurance broker, agreed to better terms for Towers Watson & Co. shareholders in a proposed merger after the consulting firm's investors said that a ...
USAA Tops Consumer Loyalty Business List
USAA tops a new list in terms of consumer loyalty, and is the sole property/casualty insurer to score in the top 20. USAA, an auto insurer and financial services company for members of the U.S. ...