Performance
Commercial Insurance Reserve Charge, Hurricanes Drive $1.7B Loss for AIG’s Third Quarter
Highlighting the development as a "noteworthy item" in an earnings announcement Thursday night, American International Group reported prior-year loss reserve strengthening of $836 million before ...
A.M. Best Slaps Canal Insurance With Ratings Downgrade
Canal Insurance Co., a family-owned insurer focused on commercial trucking and specialty transportation, is dealing with a big ratings downgrade from A.M. Best. A.M. Best knocked down the A- ...
AmTrust’s Stock Plunges More Than 10% After a Mixed Q2
Investors drove AmTrust Financial Services' stock price down more than 10 percent on Aug. 9 after the New York-based insurer disclosed mixed second-quarter financial results. The Nasdaq stock price ...
W.R. Berkley Cut Back Reinsurance Underwriting in a Flat Q2
Weather related losses and a competitive reinsurance business nudged W.R. Berkley Corp.'s 2017 second quarter combined ratio higher. But a nearly 5 percent growth investment income and gains in ...
At Friendsurance, Continuous Performance Evaluations Help Employees Learn and Grow
Here's an idea for insurers seeking to inspire and retain their talented, and younger employees: continuous performance evaluations. Friendsurance, the Berlin-based peer-to-peer insurance broker, ...
USAA’s Insurance Arm, Mercedes-Benz Tie at Top of Customer Service Ranking
USAA is once again a standout in terms of its customer service scores compared to other industries, based on the Temkin Group's latest ranking. The Texas-based financial services group whose ...
FM Global Gets Luxembourg’s Approval to Launch Post-Brexit EU Hub
U.S. commercial property insurer FM Global has approved to run a European hub in Luxembourg, a move allowing it to issue policies in the European Union and other countries following Britain's ...
Zurich’s North America Commercial Insurance Arm Revamped to Include Specialty Products
Zurich North America's streamlining continues with another new change. The insurer's Specialty Products business is being brought together with its North America Commercial Insurance arm. Zurich, in ...