News
Swiss Re Returns to Q1 Profit, Driven by Adequate Pricing, Higher Investment Results
Swiss Re swung back to a first-quarter profit, reporting net income of $643 million compared with a loss of $248 million for the prior-year period. "Profitability improved in all our main businesses, ...
Tizzio Becomes President and CEO of AXIS Capital, Succeeding Benchimol
AXIS Capital Holdings Ltd. announced that Vincent C. Tizzio assumed the role of president and CEO of AXIS as part of a planned leadership transition, first announced in December 2022, and timed to ...
Robust ERM Programs Vital as Risks Evolve: Report
Though most insurance companies feel their enterprise risk management (ERM) programs are operating at a robust level, rising economic risks and claims costs and the increasing severity and frequency ...
Employees Want Companies With Strong Culture, Values, Leadership
Culture is top of mind when workers weigh up which "unicorn business" they want to work for. That's according to the results of a recent broad-based study by Hu-X which assessed conditions at a ...
Progressive Falling Short of CR Target; 10 More Points of Rate This Year
With loss reserve actions moving Progressive's first-quarter calendar year combined ratio up to 99, the company is tightening underwriting, cutting advertising spend and taking more rate actions, the ...
Allstate Posts Loss With ‘Exceptionally’ High Catastrophe Costs
Allstate Corp. posted a bigger first-quarter loss than analysts expected as higher premiums failed to offset rising auto costs and soaring catastrophe losses. The company reported a $342 million loss ...
Attacks on Delivery Drivers Add Fears Among Gig Workers
A homeowner fired shots at a couple's car when they mistakenly turned onto his property while making an Instacart delivery. A Florida man was charged with killing and dismembering an Uber Eats ...
ChatGPT-Related Malware on the Rise, Meta Says
Facebook owner Meta said on Wednesday it had uncovered malware purveyors leveraging public interest in ChatGPT to lure users into downloading malicious apps and browser extensions, likening the ...