insurance News
Insurers Could Pay Up to $600M in Brazilian Dam Burst
Insurers covering risks for a Brazilian mine where two dams burst last week, killing at least six people, could pay up to $600 million in claims, a source with direct knowledge of the matter said on ...
The Latest Launches from RLI, Marsh and Everest Re Group
RLI Insurance Company, Marsh and Everest Re Group Ltd. all have new products this week: *** RLI Insurance Company has begun offering jewelry insurance. The online product will provide customized ...
Arch Capital Promotes Exec to President/COO Slot
Arch Capital Group Ltd. has promoted one of its long-time executives to be the company's next president and chief operating officer. Marc Grandisson takes on his new role at the specialty insurer and ...
AIG Will Sell Central American Business to Panama’s ASSA
AIG is selling off its Central American insurance operations to Panama's ASSA, though both companies will form a regional partnership once the sale goes through. Neither side is disclosing financial ...
W.R. Berkley Unveils South Africa-Focused Treaty Unit
W.R. Berkley Corp. is turning to South Africa as the target of its latest business unit, which will be focused on working with both regional insurers and brokers. Chairman and CEO William R. Berkley ...
Slowly But Surely, Insurers are Turning to Mobile and Big Data
Insurers are increasingly investing in new technology areas such as mobile and big data along with the usual legacy system updates, Novarica found in its latest annual study of U.S. insurer IT ...
CEO of Willis Great Britain Calls for More Industry Diversity
Willis Great Britain CEO Nicolas Aubert issued a call to the insurance/reinsurance industry to embrace diversity. Challenging the status-quo, he said the industry needs to employ a truly meritocratic ...
Sub-Saharan Africa Drawing Growing Insurer/Reinsurer Interest Despite Uncertainties: A.M. Best
Sub-Saharan Africa continues to attract interest from insurers and reinsurers despite uncertainty about whether regional countries there can sustain robust levels of growth, A.M. Best concluded in a ...