News
Lower Disaster Claims, Higher Prices Boost Travelers’ Q4 Profit
Travelers Cos., the property/casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit more than tripled as claims costs from natural disasters fell a year after Superstorm ...
CEOs Upbeat on Economy But Worried About Weak Markets, Over-Regulation
Business leaders gathering for their annual high-profile networking forum in Davos are feeling a bit better about their companies' prospects and a lot more so about the broader economic outlook. But ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
Canadian Insurers Pay Record C$3.2 Billion in Weather Claims
Canadian insurance companies paid a record C$3.2 billion ($2.9 billion) to claimants last year as the country coped with weather-related disasters, an industry group said. The ice storm in December ...
TRIPRA Uncertainty Already Pushing Workers Comp Rates Up, Marsh Says
Without disclosing the magnitude of rate changes they may be facing, Marsh reported Tuesday that employers with large concentrations of employees are experience workers compensation rate hikes and ...
Canopius Names Pratten to New Role of Chief Investment Officer
Canopius Group Limited announced Tuesday that the group as appointed Michael Pratten to the newly created role of Chief Investment Officer. Pratten will report to Group Chief Financial Officer, Paul ...
SCOR’s Kessler is 2014 Insurance Hall of Fame Inductee, IIS Says
The International Insurance Society (IIS) has announced Denis Kessler, chairman and CEO of SCOR, as the 2014 Insurance Hall of Fame inductee. The Insurance Hall of Fame award honors insurance leaders ...
Latest New Zealand Quake Adds to Growing List in Region, AIR Says
Reporting on the latest earthquake to strike New Zealand earlier this week, catastrophe modeling firm AIR Worldwide said the magnitude 6.2 quake was one of many to shake the region over the years. ...
AmTrust Gets Approval for Tower Cut-Through
AmTrust Financial Services, Inc. announced Tuesday that regulators approved an agreement between a subsidiary and several subsidiaries of Tower Group International, Ltd. Under the approved agreement, ...