strategy News
For QBE, a Focus on Profitable Underwriting Begins to Pay Off
QBE's restructuring over the last year has focused on exiting loss-making businesses and portfolios, while rigorously emphasizing profitable underwriting across the group. Good progress has been made ...
Liberty Mutual’s Safeco Will Assume QBE North America’s Personal Insurance Business
QBE North America will transfer its North America personal insurance policies sold through independent agents to Safeco Insurance, leaving the specialist insurer to focus on its core commercial ...
Starr Agrees to Snatch Up Aspen’s Aviation Business
Starr Insurance Companies said it will acquire Aspen Insurance's aviation business. Neither side is disclosing the price for the renewal rights, though the aviation book value is worth more than $50 ...
AIG Will Expand the Mission of Its Newly-Created Reinsurer DSA Re
American International Group's newly-created reinsurer designed initially to back old policies it has will expand its focus to the broader industry. The insurance giant said that it, along with The ...
Tokio Marine HCC Names Rivera as CEO; Williams Promoted to Role With Parent Company
Tokio Marine HCC appointed a new CEO, choosing as its leader some who only recently joined the insurance holding company in an executive role. Susan Rivera will become chief executive officer as of ...
Creating Separation: The Secret Recipe For Building Competitive Advantage
Ours is a competitive industry and in a changing world which has added online multi-carrier marketing, multi-distributional selling (including those who are competing directly with their own ...
AI Could Boost Insurer Revenue and Jobs, But Resistance to Change Remains: Accenture
Artificial intelligence could create significant boost for insurers in both revenue and employment, but they risk missing out if they don't switch soon, according to a recent Accenture report. That ...
Swiss Re Talks With SoftBank Over Possible Investment Stake Have Reportedly Stalled
Talks between billionaire Masayoshi Son's SoftBank Group Corp. and Swiss Re AG about buying a stake in the world's second-biggest reinsurer have come to a standstill, people familiar with the matter ...