Commercial Auto Insurance Remains a Loser on the Whole: Fitch May 3, 2016 By Andrew G. Simpson While the property/casualty industry has reported three consecutive years of significant underwriting profits, the commercial auto market as a whole...
Ex-AIG Executive Johnston to Succeed Duclos as CEO for QBE North America May 3, 2016 A former AIG executive is joining QBE to become CEO of its North American operations. Russell Johnston will succeed David...
Buffett Downplays Succession Speculation In Wake of Jain Assuming General Re Role May 3, 2016 By Susanne Sclafane Among the insurance-related highlights of Berkshire Hathaway’s annual meeting in Omaha, Neb. was Warren Buffett’s answer to a question about...
MS Amlin Now Operating at Lloyd’s Under One Brand: MS Amlin Underwriting May 3, 2016 MS Amlin announced it is now operating as one brand in the Lloyd’s market, as a single managing agency, MS...
Everest Re Appoints Knipper to Head Its Continental Europe Operations May 3, 2016 Bermuda-based Everest Re Group Ltd. announced that Stephan Knipper joins the company as managing director Continental Europe (subject to regulatory...
Allianz Q1 Profit Rises 21% to $2.5B, Helped by Gains from Selling Investments May 3, 2016 By Angela Cullen and Oliver Suess Allianz SE said first-quarter profit surged 21 percent, beating analysts’ estimates, as Europe’s biggest insurer was helped by gains from...
Greenlight Re Reports Q1 Net Income of $28.7M in 1st Profit Since 2014 May 3, 2016 By Katherine Chiglinsky and Sonali Basak Greenlight Capital Re Ltd. posted a quarterly profit for the first time since 2014 on a rebound in the reinsurer’s...
Special Report: Execs Warn of Impending Florida Market Crisis Over Water Loss Claims May 3, 2016 By Amy O'Connor Abuse of assignment of benefits (AOB) from water loss claims has become a full-blown Florida insurance crisis that will mean...
Bain Capital, Vista Equity Buy Agency Technology Firm Vertafore from TPG May 2, 2016 By Andrew G. Simpson Bain Capital Private Equity and Vista Equity Partners have agreed to acquire insurance agency technology firm Vertafore from TPG Capital....
Willis Programs Launches DroneGuard for Unmanned Aircraft Systems May 2, 2016 Willis Programs, a unit of Willis Towers Watson, and the Association for Unmanned Vehicle Systems International (AUVSI), an industry association...