Critical Information for P/C Carrier Executives
| | | Today's Headlines | March 1, 2021 |
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| At the outset of the coronavirus pandemic last year, some insurance industry analysts predicted that the crisis and its economic ramifications would slow mergers and acquisitions in the P/C market as carriers shifted their focus toward ensuring business continuity. But a faster-than-expected economic rebound and carriers' growing realization that the new normal demanded an acceleration... read more |
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| Chubb is an old school P/C insurer touting its new Blink platform for consumers as an “easy, effortless and affordable” option “for digitally-savvy consumers.” Interestingly, many InsurTechs use the same language to pitch their digital coverage innovations as an alternative to old school P/C insurers such as Chubb. read more |
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| Warren Buffett's Berkshire Hathaway Inc on Saturday said stock market gains fueled a record quarterly profit, while the billionaire signaled investors are undervaluing his company by repurchasing another $9 billion of its stock. read more |
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| With GEICO's 2020 underwriting profit more the doubling above the level recorded in 2019, Berkshire Hathaway's full-year property/casualty underwriting income was in the black, even though the conglomerate's P/C reinsurance units saw underwriting losses in both years. Taken together, $3.4 billion of pre-tax underwriting profit for personal lines auto insurer GEICO, combined with $110 million... read more |
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| There's a gripping moment in Shakespeare's "Othello" when Cassio, hoodwinked by Iago into losing Othello's trust, repeats, "Reputation, reputation, reputation! O, I have lost my reputation! I have lost the immortal part of myself." Once lost, reputation is rarely restored. And that is proving a problem for insurance companies and reinsurers that carry the risks... read more |
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| SiriusPoint Ltd., a Bermuda-based international specialty insurance and reinsurance company, has formally launched, the creation of a merger between two specialty companies. read more |
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| Irish insurer FBD more than doubled the money set aside to cover lockdown-linked claims to 65 million euros ($79 million) after it lost a test case brought by four publicans over a policy that included business-interruption losses. read more |
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| Leaders tend to be loved more than managers, reflecting an implicit societal bias that may be tempered by thinking critically about it, new Cornell University-led research suggests. Romanticization of leadership over time has put decision-makers at risk of overvaluing prototypical leaders—who are seen as inspiring and motivating—even in situations calling for prototypical management skills such... read more |
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| " When it comes to insurance, small business owners want straightforward ...
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| Is your insurance organization prepared to meet the heighted expectations of ...
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| Many of us made big changes to the way we work this year. Whether your team is ...
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| The number one trend affecting all businesses is digital transformation. The ...
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| Watch on demand: Erie Insurance's Tim Shine shares the journey to digitize the ...
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