Swiss Re AG has held discussions with Chinese authorities about an investment in embattled insurer Anbang Insurance Group Co., people with knowledge of the matter said. Swiss Re is among parties that have been approached as China seeks to find fresh funds to shore up the insurer, according to the people. The Zurich-based reinsurer hasn’t… Continue reading Swiss Re Said to Discuss Investment in Insurer Anbang with China
Tag: P&C insurance
Travelers Profit Rises as Catastrophe Losses Shrink
Travelers Cos. earnings rose in the third quarter as catastrophe losses fell from the prior year. New York-based Travelers, part of the Dow Jones Industrial Average, is one of the first big property-casualty insurers to report quarterly earnings, and its results are watched closely as a bellwether for others that follow. The company is among… Continue reading Travelers Profit Rises as Catastrophe Losses Shrink
SIAA Event Raises over $70,000 for Dana-Farber Cancer Institute & the Jimmy Fund
“A Pink Evening in Boston with SIAA,” a 90-minute event at the Boston Marriott at Copley Place, raised over $70,000 for Dana-Farber Cancer Institute and the Jimmy Fund. This was the second consecutive year for the fundraiser; SIAA raised over $50,000 at last year’s event to fight cancer. “Breast cancer is a horrible disease that… Continue reading SIAA Event Raises over $70,000 for Dana-Farber Cancer Institute & the Jimmy Fund
Willis Towers Watson Strengthens its P&C Insurance Business with Two New Senior Hires
Willis Towers Watson, a leading global advisory, broking and solutions company, today announced the appointments of Jeffery Hay and Kathryn Walker as senior directors, consulting services within its Insurance Consulting and Technology, Americas P&C practice. In their new roles, Hay and Walker will deliver pricing, predictive analytics, reserving, product and underwriting solutions for the company’s… Continue reading Willis Towers Watson Strengthens its P&C Insurance Business with Two New Senior Hires
Zurich to Buy Majority Stake in Indonesia’s Adira Insurance
Zurich Insurance is acquiring an 80 percent stake in Indonesia’s Adira Insurance from PT Bank Danamon Indonesia and a minority investor for at least around $414 million, the Swiss group said on Thursday. Zurich has earmarked Asia Pacific to be a major engine of growth for the group, and Indonesia is a key market for… Continue reading Zurich to Buy Majority Stake in Indonesia’s Adira Insurance
Chubb Appoints Tim Barziza to Lead North American Property Claims
Chubb has appointed Tim Barziza as Head of its North American Property Claims, effective immediately. In this role, Mr. Barziza will be responsible for leading the technical and administrative execution of the Property Claim Service, including the Recovery and the Special Investigations Units across North America for both personal and commercial claims. He will be… Continue reading Chubb Appoints Tim Barziza to Lead North American Property Claims
Zurich CEO Says Insurer May Exceed Its 2019 Goals
Zurich Insurance will meet all the targets laid out in its business plan to 2019 and could even beat them, Chief Executive Mario Greco said in an interview published in an Italian newspaper on Monday. In the 2017-2019 period Zurich, Europe’s fifth-largest insurer, plans to cut costs for a cumulative amount of $1.5 billion (1.1… Continue reading Zurich CEO Says Insurer May Exceed Its 2019 Goals
InsurTech Transactions Reach New Peak in Q2
A total of 71 InsurTech funding transactions during the second quarter of 2018 marks a record high; however, the total of $579 million invested is down 20% against the prior quarter, according to the new Quarterly InsurTech Briefing from Willis Towers Watson, the leading global advisory, broking and solutions company. Q2 also set a new… Continue reading InsurTech Transactions Reach New Peak in Q2