insurance News
P/C Insurers, Reinsurers, Saw 2016 North America Operating Earnings Decline
Property/casualty insurer and reinsurer operating earnings in North America dipped in 2016, hammered by factors including higher catastrophe losses, low investment yields and underwriting ...
Insurers, Reinsurers Key to Addressing $2.1 Trillion U.S. Infrastructure Spending Gap
With a U.S. infrastructure investment gap of nearly $2.1 trillion looming over the next decade, insurers and reinsurers may be key to help closing it, Swiss Re asserts in a new report. "The U.S. ...
Most Insurers Envision at Least One Acquisition in 2017: KPMG Survey
A large majority of insurers plan to pursue acquisitions or divestitures through 2017, according to a new KPMG report, indicating that late-2015 and 2016 deal-making wasn't a fluke. About 84 percent ...
Ireland Alleges Unfair Competition for Post-Brexit Financial Firms
Ireland has complained to the European Commission that it is being undercut by rival centers competing to host financial firms looking for a European Union base outside London after Brexit. Last ...
Trump’s Tax Reform Plans Will Help Some U.S. Insurers, Reinsurers: Morningstar
A cadre of U.S. insurers and reinsurers stand to gain from lower corporate tax rates advocated by President Donald Trump and Republican members of Congress as part of a broader reform effort, ...
CoreLogic CEO Nallathambi Dies Unexpectedly After Brief Illness
CoreLogic President and CEO Anand Nallathambi has passed away after a brief illness. Nallathambi held both titles with company since 2010. CoreLogic is known for providing catastrophe modeling, as ...
Liberty Mutual’s Q4 Hammered by U.S. Personal, Commercial Auto Losses
Liberty Mutual Holding Company's 2016 fourth quarter net income declined substantially, due mostly to higher U.S. personal and commercial auto liability losses. But the number was up for the full ...
Allianz Profit Climbs, $3.2B Share Buyback to Come
Allianz SE reported a 23 percent increase in fourth-quarter net income and announced its first-ever share buyback as Europe's biggest insurer makes good on a promise to return excess cash to ...