News
Financial Firms, Regulators Urged to Be More Agile on Cybersecurity Risks
Cleveland Federal Reserve President Loretta Mester said on Thursday that financial firms and regulators should be more agile and share information to better combat cybersecurity threats. Financial ...
Confessions of a Diehard Data Fan: ACORD CEO Pieroni (Part 2)
After Bill Pieroni, the CEO of ACORD, delivered a presentation about ACORD's latest study, "Intelligent Growth: Intent, Decisions, Outcomes," he sat down with Wells Media's Andrew Simpson to talk ...
ACORD Study Results: Loser Lessons
As for the waning carriers, why did they wane? Why didn't they grow and why did they achieve inferior economics? Pieroni said there are a number of reasons but the top ones include inability to ...
How ‘Intelligent’ Insurers Grow and Create Value: ACORD Study
Some insurance carriers grow but do not create value. Others shrink but still create value. Some fail at both. Then there are the "intelligent growers"—those that succeed at both, not only growing ...
Liberty Mutual’s Kelley, Who Led Ironshore to Its Acquisition, Plans to Retire
Liberty Mutual executive and former Ironshore CEO Kevin Kelley plans to retire at the end of 2019, the company disclosed on Nov. 21. Kelley, currently Liberty Mutual's vice chairman for Global Risk ...
Mitsui Sumitomo Insurance Reorganization Plan Leaves A.M. Best Rating Unchanged
The financial and credit ratings of Mitsui Sumitomo Insurance Co. (MSI) remain unchanged following an announcement by its parent company, MS&AD Insurance Group Holdings (MS&AD), that it plans ...
Arch Re to Snatch Up Aspen Re’s Global Credit and Surety Business
Arch Reinsurance said it will acquire global credit and surety renewal rights from Aspen Re, now that the latter company is exiting the line. Both parties have also agreed to start additional ...
Boeing Reports Settlement of More Than Half of Lion Air Crash Lawsuits
Boeing Co has settled more than half of some 118 cases related to the fatal crash of a Lion Air flight on a 737 MAX aircraft in October 2018, attorney Dan Webb said at a court hearing on Thursday. ...