News
KPMG: Driverless Cars Could Drastically Reduce U.S. Personal Auto Insurance Sector
The U.S. personal auto insurance sector could shrink by 60 percent within 25 years as autonomous vehicles catch on, vehicles become safer and both trends reduce the number of accidents, KPMG said in ...
BlackRock: Insurers Turning to Property Bets, Lending
Insurers are increasingly looking to make direct loans and finance commercial properties as central bank policies limit yields on traditional holdings such as government debt and investment-grade ...
UPDATED: Duperreault Reveals Cooperative Millennial Recruiting Effort at PCI Conference
For a while now, Hamilton Insurance Group CEO Brian Duperreault has called for property/casualty insurers to embrace technology and find ways to recruit millennials to help fully unlock its ...
TigerRisk Hires Ex-AIG, Hanover CFO Bensinger
TigerRisk Partners hired insurance-industry veteran Steven Bensinger, who oversaw American International Group Inc.'s finances during the early part of the global credit crisis, to advise clients. ...
Erie Insurance CEO Cavanaugh Retiring at End of 2016
Erie Indemnity Company announced that Terrence W. Cavanaugh, president and chief executive officer, will retire at the close of 2016. Cavanaugh shared the decision yesterday during a meeting of the ...
Ironshore Acquires Novae Group’s Agricultural Team and Renewal Book
Bermuda-based Ironshore International announces the acquisition of the reinsurance renewal rights to Novae Group's global agriculture reinsurance portfolio. The transfer is conditional on Lloyd's ...
Californians Urged to Buy Flood Insurance Ahead of El Niño
Federal emergency officials are urging Californians to buy flood insurance—even those who don't live near creeks or rivers—as El Niño conditions get underway in the Pacific Ocean, increasing ...
At Least 15 Dead in Strongest Aghan Quake in 60 Years
Afghanistan's strongest earthquake in more than six decades shook buildings across South Asia, prompting officials from Kabul to Islamabad to New Delhi to send out rescue teams to search for ...