28 04, 2017

Munich Re’s New CEO Wenning to Take ‘Hard-Nosed’ Approach

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Joachim Wenning admitted he would not be to everyone’s liking long before taking the helm of Germany’s Munich Re. That hard-nosed approach could prove valuable as the 52-year-old tackles falling profits, disgruntled investors and headwinds beyond his control at the …

28 04, 2017

Kenya’s CIC Expects Uganda, Malawi Units to Break Even in 2 Years

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Kenyan insurer CIC Group expects its Uganda and Malawi businesses to break even in the next two years, its chief executive officer said on Thursday. The East African nation has a low rate of insurance penetration, with less than 10 percent of …

28 04, 2017

New York’s Brady Risk Management Names Harris to Brady Risk Program Managers

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John Harris has joined Sean Brady and Huntington, New York-based Brady Risk Management as managing director of the newly formed Brady Risk Program Managers. Harris has served as the chief underwriting officer for a number of national insurance companies and is an …

28 04, 2017

ICC Forms Risk Purchasing Group Offering Admitted Umbrella Coverage to Restaurants

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Innovative Coverage Concepts (ICC) has launched a new commercial umbrella insurance offering that will cover a broad range of restaurant and hospitality risks. The coverage will be available to upscale fine dining and casual dining establishments as well as upscale …

28 04, 2017

UK Uber Drivers Can Now Buy Injury & Illness Insurance

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Uber Technologies Inc. will begin offering U.K. drivers the ability to buy injury and illness insurance, a step to provide a safety net for the independent drivers it has long been criticized for treating poorly. The benefit is a first …

28 04, 2017

Chubb’s Oldest Active Subsidiary Receives Pennsylvania Historical Marker

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Chubb, in collaboration with the Pennsylvania Historical and Museum Commission (PHMC), has dedicated a Pennsylvania historical marker to the Insurance Company of North America (INA), Chubb’s oldest subsidiary company. The marker was unveiled during a ceremony at Chubb’s office in Philadelphia, Penn., and commemorates INA’s 225-year …

28 04, 2017

Adding Safety Technology to an Older Car

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Old cars can learn new tricks. For a few hundred dollars, drivers can add new safety technology – like forward collision warning systems or backup cameras – to older cars. Cars are lasting longer than ever thanks to improving quality. …

28 04, 2017

Firewall Pioneer Turns Focus to Car Cybersecurity

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The Israeli cybersecurity company that pioneered corporate firewalls is making deeper inroads with the auto industry. Check Point Software Technologies Ltd., the world’s second-biggest provider of network security, is positioning itself to increase sales in the global car market as …

28 04, 2017

Zurich Makes a Difference in the Lives of Philadelphia Families

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Zurich North America, a provider of property and casualty insurance and a company dedicated to improving the lives of children and families, has made a $10,000 donation to the Philadelphia Ronald McDonald House. Paul Horgan, head of North America Commercial …

28 04, 2017

Ohio Jury Says American Family Mutual Agents Are Employees

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A federal jury in Ohio decided last week determined that thousands of agents with Madison, Wisconsin-based American Family Mutual Insurance (AmFam) are employees, not independent contractors. According to a news release from plaintiff attorneys involved in the case, a jury …