Category: Insurance and Investment

  • Insurance Business reveals top insurance employers in US for 2022

    Insurance Business reveals top insurance employers in US for 2022

    Insurance companies in the USA strive to attract and retain members of the 2.83 million-strong industry workforce, with nearly 80% of agency owners and principals improving employee offerings over the past year, according to Vertafore’s recent report. Now, Insurance Business America (IBA), with support from the Latin American Association of Insurance Agencies, has […]

  • AIG reveals Q2 results | Insurance Business America

    AIG reveals Q2 results

    The quarter was heralded as “excellent” by AIG chairman and CEO Peter Zaffino. “General insurance reported outstanding results and life and retirement again delivered a solid performance considering the significant market headwinds in the second quarter,” Zaffino said. The group deferred the launch of the Corebridge Financial initial public offering (IPO) due to a “high […]

  • Triple-I Blog | Hurricanes Drive Louisiana Insured Losses, Insurer Insolvencies

    Triple-I Blog | Hurricanes Drive Louisiana Insured Losses, Insurer Insolvencies

    Max Dorfman, Research Writer, Triple-I Severe hurricane damage in recent years has led to major losses by writers of Louisiana homeowners’ insurance and to the insolvency of eight insurers. Louisiana homeowners’ insurers had a combined ratio of 461.9 in 2021. Combined ratio represents the difference between claims and expenses paid and premiums collected by insurers. […]

  • Navigating the insurance ‘culture wars’

    Navigating the insurance 'culture wars'

    Even after State Farm cut ties with the project under pressure in May, criticism continued. The end of the collaboration was welcomed by Florida Governor Ron de Santiis and Senator Tom Cotton of Arkansas – according to Cotton the “vast majority of State Farm employees – just like most Americans – “don’t want schools indoctrinating […]

  • What are organizations doing to manage turnover?

    What are organizations doing to manage turnover?

    Eighty-six per cent (86%) are offering high wages to new candidates and a further 81% are giving out signing bonuses to attract more workers, found the survey. “Employers are leaving no stones unturned in their battle to find and keep talent,” says Lesli Jennings, North America leader for work, rewards and careers at WTW. “While […]

  • Sompo Holdings announces quarterly results

    Sompo Holdings announces quarterly results

    Sompo Holdings, whose ordinary profit grew 46.7% in the fiscal year ended March 31, has now reported its financial results for the April to June quarter. According to Sompo, its ordinary income in the three months ended June 30 – the group’s first quarter or Q1 in a fiscal year – totalled ¥1.3 […]

  • Gallagher bolsters renewable energy team

    Gallagher bolsters renewable energy team

    Gallagher has announced the appointment of Huw Turner as a partner in its renewable energy team. He will report to executive partner Gavin Tidman, and will work closely with Duncan Gordon, Gallagher’s head of renewables, as the company expands its renewables team to meet increasing client demand. Turner has 25 years of experience […]

  • Generali reports “extremely solid” capital position

    Generali reports “extremely solid” capital position

    “In the months to come, we will continue to be fully committed to the execution of our three-year plan as we reinforce our group’s leadership as a global insurer and asset manager.” Generali’s gross written premium rose 2.4% to €41,880 million (about $42,696 million) thanks to property-casualty segment growth. Life net inflows decreased 7.9% to […]

  • PartnerRe declares losses in latest interim numbers

    PartnerRe declares losses in latest interim numbers

    According to the Covéa-owned reinsurer, here’s how it fared in the periods ended June 30: Metric Q2 2022 Q2 2021 H1 2022 H1 2021 Gross written premium US$2.15 billion […]

  • Liberty Mutual makes two key leadership appointments

    Liberty Mutual makes two key leadership appointments

    Liberty Mutual Insurance has announced two leadership appointments within Global Risk Solutions (GRS) underwriting. Brandon Fick has joined the company as North America chief underwriting officer and Nate Zangerle has been named chief underwriting officer for global surety. Fick will report to Matthew Moore, GRS president of underwriting, and GRS President Neeti Bhalla […]