News
Executives on the Move at RIMS, RMS, EIS, AmericanAg
RIMS announced that Gary LaBranche will take over as the society's new CEO on June 1 following the retirement of Mary Roth, who served for 37 years at RIMS. Since March 2017, LaBranche has served as ...
Travelers CEO Schnitzer: Loss Costs ‘Challenging as Ever to Predict’
In the words of its CEO, there's a "fair amount to pay attention to" from the first-quarter earnings call of Travelers, as the P/C insurer grew net written premiums 11 percent to a record $8.4 ...
Insurance Journal Announces New Online Charity Portal
Insurance Journal, Carrier Management's sister publication, has announced the launch of a new portal highlighting charitable stories in the insurance industry. What was once a single magazine issue ...
Tokio Marine Launches $42M Corporate Venture Capital Arm to Support Early-Stage Startups
Tokio Marine Holdings Inc. has launched a Silicon Valley-headquartered corporate venture capital (CVC) fund. The company has committed $42 million to the initial fund with plans to deploy more ...
Swiss Re Secures $1.15B Stop-Loss Protection to Support Reinsurance Growth
Swiss Re has secured $1.15 billion in stop-loss cover that protects the entire group for severe underwriting-related losses over a five-year period. Swiss Re said the transaction supports its "growth ...
Travelers’ Profit Up 48% in Q1
Travelers Companies Inc. reported a 48 percent jump in quarterly profit that beat analysts' estimates, as lower catastrophe-related claims cushioned a hit from investment losses. The company's core ...
Tech Bytes: New Partnerships at Propeller, Tractable, Insurity
Propeller Inc., an InsurTech managing general agency specializing in surety bonds, has signed an agreement with Amwins, a specialty insurance distributor in the U.S., to serve as a preferred surety ...
South Africa’s Deadliest Floods in 6 Decades Claim More Than 300 Lives
South Africa declared floods that killed more than 300 people in the eastern KwaZulu-Natal province a disaster, enabling the government to free up funds to assist with reconstruction in the area. The ...