Allstate Corp. reported that higher losses from catastrophes due to severe winter weather cut into profits in the first quarter while higher premiums helped offset the effect. The company reported net income of $587 million, which was down 17 percent …
Lloyd’s Old Library was the setting yesterday for the launch of inhance, a new product designed to close gaps in existing models that continue to expose re/insurers – and companies – to unexpected catastrophe losses. Insurers still face unplanned and …
Swiss Re reported group net income of $1.226 billion for the first quarter of 2014, compared to $1.38 billion in the first quarter of 2013. The bulletin noted that the 11 percent drop should be seen in light of the …
XL Group announced it has added a Mergers and Acquisitions (M&A) Insurance division to its Financial Lines business and appointed Tim Allen to head the business line as Sr. VP, Global Head of Mergers & Acquisitions Insurance. XL responded to …
Top Allianz executives face a grilling on Wednesday from shareholders worried about a wobbly performance at its U.S-based Pimco fund management business. Europe’s biggest insurer has made a strong comeback from the financial crisis, generating record first-quarter revenue of €34 …
Dutch financial group ING made underlying profits of €988 million ($1.374 billion) in the first quarter of the year, slightly missing expectations, as loan losses remained high despite a better outlook for the Dutch economy. A Reuters poll of ten …
The owners of New England Compounding Pharmacy Inc., the drug supplier blamed for a nationwide meningitis outbreak that killed 64, agreed to a settlement providing $100 million toward compensation for victims. The settlement, which includes money from insurers, will be …
NORCAL Mutual Insurance Co. is now offering medical professional liability insurance to Nevada physicians. For the past eight years, Nevada healthcare professionals have been offered coverage from Medicus Insurance Company, a NORCAL Mutual wholly owned subsidiary. Upon renewal, Medicus policyholders …
Climate change is in the here and now, according to a massive report issued on Tuesday. The White House’s National Climate Assessment report is part of President Barack Obama’s effort to prepare the nation for the impacts of a changing …
Bill Martin has been elected president of the Combined Agents of America LLC (CAA) for 2014 – 2015. Other members of CAA’s newly elected management committee include new Treasurer Pete Bibby, new Second Vice President Mack Purifoy and re-elected Secretary …
