U.S.
Uber Will Pilot Use of Progressive Insurance to Cover Texas Drivers
Uber Technologies Inc will use Progressive Insurance to provide coverage for drivers in Texas beginning on April 1, in a pilot that could lead the ride-hailing market leader to diversify its U.S. ...
Anbang Insurance Pulls $14B Bid for Starwood Hotels
A group led by China's Anbang Insurance Group Co. withdrew its $14 billion takeover bid for Starwood Hotels & Resorts Worldwide Inc., clearing the way for a purchase by Marriott International ...
Allstate’s Esurance ‘Unveils’ Election Day Insurance (Giggle)
Allstate's Esurance is using the convergence of a volatile and unpredictable election year and April Fools' Day to have a little fun. The fun comes in the form of Esurance's (pretend) new Election ...
Executives On The Move at Everest Re, Maiden Re and Great American Insurance
Everest Re Group made three big executive changes. Maiden Re launched a new offering and brought in a veteran Zurich exec to lead the effort. Great American Insurance Group announced a big promotion. ...
Watford Re Debuts E&S Specialty Insurer
Watford Re Ltd. has formed a new excess and surplus lines insurer called Watford Specialty Insurance Co. (WSIC), based in Morristown, N.J. WSIC's lines of business "will be similar to what we've been ...
AIG CEO Hancock Sees MetLife ‘Too Big to Fail’ Ruling as Opportunity
A judge's ruling that MetLife Inc is not "too big to fail" opens up an opportunity for insurer American International Group Inc to seek an exemption from the tag, AIG Chief Executive Peter Hancock ...
Zurich Insurance Chairman Insists Overhaul Will Lead to Better Results
Zurich Insurance Group AG will see improving results this year after taking steps to cut costs and overhaul units following unexpected losses at its general insurance unit, according to Chairman Tom ...
Tianjin Explosions Top 2015 Insured Losses With Estimates Up to $3.5B: Swiss Re
Overall, 2015 was a below-average year for disaster losses, according to the latest sigma study from Swiss Re. Swiss Re counted 353 disaster events in 2015, with total economic losses of $92 billion, ...