Insurance Agency Growth, Profits Slipped in 2015 on Oil Bust, Soft Market: Reagan February 9, 2016 Insurance agency and brokerage organic revenue growth slowed to 4.6 percent for 2015, according to the latest Reagan Consulting Organic...
Leading Reinsurers Line Up for Lemonade, the P2P Insurer February 9, 2016 By Andrew G. Simpson Lemonade, the startup peer-to-peer insurance carrier that has raised $13 million in initial funding, announced a line-up of global reinsurance...
Court Hears MetLife’s Challenge to ‘Too-Big-to-Fail’ Designation This Week February 9, 2016 By Andrew Harris, Ian Katz and Katherine Chiglinsky For MetLife Inc. Chief Executive Officer Steve Kandarian, the scariest risk is being classified as risky. MetLife lawyers go to...
AIG Scaling Back on Investments in Hedge Funds February 9, 2016 By Sonali Basak American International Group Inc. plans to exit at least half the hedge funds in which the insurer is invested, according...
CEO Exits As Tech Startup Broker Zenefits Confronts Culture, Compliance Bugs February 9, 2016 By Heather Somerville Zenefits, a software startup valued at $4.5 billion, said on Monday it had replaced founder and Chief Executive Parker Conrad...
CEO Greenberg Confident Most Top Talent, Agents Will Stay with New Chubb February 8, 2016 By Mark Hollmer Chubb Chairman and CEO Evan Greenberg believes opportunity and incentives will encourage most executives to stay with the insurer in...
‘Cadillac’ Tax Opponents Unimpressed with Obama Budget Fix February 8, 2016 By Angela Greiling Keane and Zachary Tracer President Barack Obama is having a tough time winning friends for his Cadillac tax. His plan to dial back the...
Esurance Wins Super Bowl Social Media Battle February 8, 2016 By Anjali Athavaley and Lisa Richwine Advertisers played it safe and light with the most expensive ever Super Bowl ad slots on Sunday, shunning previous years’...
U.S. Court Says Foreign Wealth Funds Not Always Immune from U.S. Fraud Claims February 8, 2016 By Jonathan Stempel Foreign sovereign wealth funds are not automatically immune from U.S. lawsuits claiming that they defrauded investors into buying securities in...
Aon Launches Lloyd’s Lead Facility for U.S. Casualty Risks February 8, 2016 Aon plc has launched Lloyd’s Lead Excess Aon Facility (Lloyd’s LEAF), a program that increases placement options for Aon’s U.S....