Usage-Based Auto Insurance, Slow at First, Picking Up Speed May 12, 2016 Usage-based auto insurance will explode globally in the next seven years, a new industry analysis asserts. IHS Inc.’s IHS Automotive...
AIG Chairman Defends Keeping Both Life and P/C Insurance Units May 12, 2016 By Emma Orr and Sonali Basak American International Group Inc., which is shrinking under pressure from activist investors, is committed to retaining operations in both life...
Goldman Sachs Says Insurers Need Hedge Funds to Diversity Investments May 12, 2016 By Emma Orr and Sonali Basak Mike Siegel, who oversees about $190 billion at Goldman Sachs Group Inc.’s asset-management arm, said insurers should stick with hedge...
Generali Forms Global Business Lines & International Unit; de Courtois to Lead May 12, 2016 Assicurazioni Generali has formed a new operational division called Global Business Lines & International, which will be led by Frédéric...
Aon Signs $1.3B Pension ‘De-Risking’ Deal with UK’s Pension Insurance Corp. May 12, 2016 By Sarah Jones Pension Insurance Corp. agreed to insure 900 million pounds ($1.3 billion) of Aon Plc’s Retirement Plan in the U.K. as...
Great American Insurance Establishes Specialty P&C Division in Mexico May 12, 2016 Great American Insurance Group announced today that the Mexican Insurance Commission has granted formal approval to extend the license of...
W.R. Berkley Forms Berkley Insurance Asia, Naming Gangadharan CEO, Yip as COO May 12, 2016 W.R. Berkley Corp. announced the formation of Berkley Insurance Asia. Shasi Gangadharan has been named chief executive officer and Aaron...
Generali Profit Drops 14% to $672M on Lower Income from Life Business May 12, 2016 By Francesca Cinelli and Sonia Sirletti Assicurazioni Generali SpA, Italy’s biggest insurer, said first-quarter profit fell 14 percent on lower income from its life insurance business...
Zurich’s Q1 Net Income Down 28% to $875M, Beating Analysts’ Expectations May 12, 2016 By Jan-Henrik Förster Zurich Insurance Group AG, Switzerland’s biggest insurer, posted a first-quarter profit that beat analysts’ expectations as Chief Executive Officer Mario...
Venture Insurance Adds New Market to Hunting, Fishing Resort Industry Program May 12, 2016 Venture Insurance Programs, a national insurance program administrator, has added Allied World Assurance Company (AWAC) as a new market for...