Monthly Archives: <span>April 2017</span>

Disruptive Tech Dominates 2nd Annual Efma-Accenture Innovation Awards

Emerging technologies such as artificial intelligence, the internet of things (IoT) and blockchain were prominently featured among the winners of the second annual Efma-Accenture Innovation in Insurance awards. Aimed at showcasing the best examples of insurance technology innovations in multiple …

Republicans Not Ready to Vote on Obamacare Replacement Bill

House GOP leaders aren’t ready to hold a vote this week on their stalled healthcare bill, despite intense pressure from the White House to deliver on a long-promised repeal of Obamacare. “We’ve been making great progress, and when we have …

Canada’s Desjardins Aims to Buy P/C Insurers: CEO Cormier

Desjardins Group is looking to acquire insurers, wealth managers and payments firms to expand further outside Quebec and challenge the dominance of Canada’s big financial services firms, Chief Executive Officer Guy Cormier said. Cormier, who oversees North America’s largest financial …

Kenya’s CIC Expects Uganda, Malawi Units to Break Even in 2 Years

Kenyan insurer CIC Group expects its Uganda and Malawi businesses to break even in the next two years, its chief executive officer said on Thursday. The East African nation has a low rate of insurance penetration, with less than 10 …

Zurich Makes a Difference in the Lives of Philadelphia Families

Zurich North America, a provider of property and casualty insurance and a company dedicated to improving the lives of children and families, has made a $10,000 donation to the Philadelphia Ronald McDonald House. Paul Horgan, head of North America Commercial …

New York’s Brady Risk Management Names Harris to Brady Risk Program Managers

John Harris has joined Sean Brady and Huntington, New York-based Brady Risk Management as managing director of the newly formed Brady Risk Program Managers. Harris has served as the chief underwriting officer for a number of national insurance companies and …

Chubb’s Oldest Active Subsidiary Receives Pennsylvania Historical Marker

Chubb, in collaboration with the Pennsylvania Historical and Museum Commission (PHMC), has dedicated a Pennsylvania historical marker to the Insurance Company of North America (INA), Chubb’s oldest subsidiary company. The marker was unveiled during a ceremony at Chubb’s office in …

UK Uber Drivers Can Now Buy Injury & Illness Insurance

Uber Technologies Inc. will begin offering U.K. drivers the ability to buy injury and illness insurance, a step to provide a safety net for the independent drivers it has long been criticized for treating poorly. The benefit is a first …

Munich Re’s New CEO Wenning to Take ‘Hard-Nosed’ Approach

Joachim Wenning admitted he would not be to everyone’s liking long before taking the helm of Germany’s Munich Re. That hard-nosed approach could prove valuable as the 52-year-old tackles falling profits, disgruntled investors and headwinds beyond his control at the …

ICC Forms Risk Purchasing Group Offering Admitted Umbrella Coverage to Restaurants

Innovative Coverage Concepts (ICC) has launched a new commercial umbrella insurance offering that will cover a broad range of restaurant and hospitality risks. The coverage will be available to upscale fine dining and casual dining establishments as well as upscale …