U.S.
Executives On The Move at Fairfax Financial Holdings, Travelers and Alliant Insurance Services
Fairfax Financial Holdings Ltd. appointed a new chief financial officer. The Travelers Companies, Inc. named two executives as Co-Chief Investment Officer. Alliant Insurance Services hired an outside ...
AIG CEO Duperreault ‘Encouraged’ by Hardening Market, Talks Operational Overhaul
AIG President and CEO Brian Duperreault said that the evolving, hardening market is sustainable and dovetailing nicely with the insurer's ongoing efforts to shed excessively risky business. "We are ...
Insurers Pressured by Activist Groups to Drop Coverage of Oil Sands Pipeline
A coalition of 32 environmental and indigenous groups on Thursday urged insurers to stop underwriting the Trans Mountain pipeline to pressure Canada to cancel its plan to expand the project which ...
Mobile Sales Assistant Vymo Raises $19M; AXA, Allianz Among Customers
Vymo, a technology company whose mobile app captures and automates data for insurance sales reps and others on the go, has raised $18 million in new financing. The India-based SaaS (software as a ...
Root Insurance Enters California Market, Where Telematics Underwriting Tool Doesn’t Apply
Root Insurance, an auto insurance startup that does business via smartphone, has entered the California market. But there's a catch. Root's app uses smartphone technology, telematics and data science ...
Updated: AIG’s General Insurance Unit Turns a Profit for the Second Quarter in a Row
American International Group (AIG) President and CEO Brian Duperreault has insisted that the insurer's General Insurance unit will produce an underwriting profit for all of 2019, after a decade of ...
Novel Opioid Settlement Talks Framework Draw Federal Judge’s Support
A federal judge on Tuesday expressed support for a novel plan by lawyers representing cities and counties suing drug companies over the U.S. opioid epidemic that would bring every community ...
For Munich Re, Claims Decline and Net Profit Soars
German reinsurer Munich Re on Wednesday reported a 36% rise in net profit in the second quarter, helped by low claims from major losses, and stuck to its forecast for 2019. Net profit was 993 million ...