News
Hochberg Moves Up as CEO of JLT Re in North America
Global reinsurance broker JLT Re announced last week that Ed Hochberg has been appointed as CEO of JLT Re in North America. Hochberg, who joined JLT Re as part of the 2013 Towers Watson Re ...
Risky Snapshot Drivers May See Rate Hikes, Progressive Says
Progressive Corp., the fourth-largest U.S. auto insurer, said it will begin increasing rates for some risky customers who participate in a program that allows the company to electronically monitor ...
Federal Reserve May Slow Implementation of National Capital Rules
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records ...
Large Underwriters Not Yet Drawn to Google’s Auto Insurance Distribution Plan: Nomura
Google plans to tackle auto insurance distribution in the U.S. are making waves, but they haven't yet attracted interest from large underwriters, Nomura noted in a new industry report. "GEICO, ...
Ex-Lancashire CEO Brindle Reemerges; 5-Year IPO Planned for Venture Seeking $2B
Oaktree Capital Group LLC is among investors backing a Bermuda insurance venture that's seeking to raise $2 billion with plans for an initial public offering within five years. Fidelis Insurance ...
U.S. Fed Weighs Insurers’ Proposal for New Capital Rules
The U.S. Federal Reserve is considering a proposal from life insurers that could delay the implementation of a costly nationwide capital framework for the $1 trillion industry, according to records ...
IAT Reinsurance Rebrands and Repositions
As part of a strategic realignment effort, IAT Reinsurance Co. and its affiliates will be rebranded as IAT Insurance Group. IAT said the realignment will leverage leadership talent, analytics, ...
Lufthansa Risks Unlimited Liability in Germanwings Crash
Deutsche Lufthansa AG may face unlimited liability for payments to families of victims of the Germanwings jet crashed by its suicidal co-pilot, according to lawyers. "The liability for the victims ...