News
Travelers Ends BPO Agreement on Confidentiality Breach
Property/casualty insurer, Travelers Cos., ended a contract with ExlService Holdings Inc. after the vendor's employees violated confidentiality policies. The staff shared a "procedural document" ...
XL Hires AIG’s Miller to Oversee Global Property/Casualty Claims
XL Group Plc, the insurer led by Chief Executive Officer Mike McGavick, hired David Miller as senior vice president and head of claims for international property/casualty coverage. Miller joins from ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
Horace Mann Announces P/C Leadership Changes
Horace Mann Educators Corporation announced today that Stephen P. Cardinal will be leading the property/casualty business effective immediately, as Executive Vice President, Property and Casualty. ...
If It Gambles Like a Bank, Regulate It Like a Bank: Bloomberg View
Five years after a crisis that almost took down the world economy, regulators are still groping for a way to address one of the global financial system's most obvious weaknesses: the trillions of ...
South Africa’s MMI Acquiring Alexander Forbes Insurance Business
MMI Holdings Ltd., South Africa's third-largest insurer, agreed to pay 1.6 billion rand ($158 million) for Alexander Forbes Ltd.'s insurance business. MMI will fund the cash acquisition of Guardrisk ...
Berkshire-Hathaway Insurance Earnings Tumble in Q3
Although Berkshire Hathaway reported a 7.7 percent jump in operating income for the third-quarter of 2013, Berkshire's insurance operations saw earnings fall in the quarter. Taken together, operating ...
AIG Earnings Call Highlights: Broker Quality Scrutinized; Still Committed to ‘Aspirational Goals’
Property/casualty insurance brokers who aren't diligent about the accounts they're presenting to American International Group risk being discovered through one of the features of the carrier's ...
U.S. Says Japan Signing Liability Pact Would Aid Nuclear Cleanup
Japan will receive international help with the cleanup at the Fukushima atomic station once it joins an existing treaty that defines liability for accidents at nuclear plants, U.S. Energy Secretary ...