Philadelphia Insurance Companies


BestWeek/BestReview Subscription Required Best’s Market Segment Report: U.K. Non-Life Insurers’ Profit Margins Under Pressure in a Competitive Market

The profit margins of U.K. non-life insurers remain under pressure due to strong competition and unfavourable claims trends, according to a new report by A.M. Best. In the property segment, premium rates are falling in spite of rising claims costs. Meanwhile, the rate improvements achieved for motor business last year have proved unsustainable. October 22, 2018 Full Story


Maria Vullo

BestWeek/BestReview Subscription Required New York Insurance Superintendent Voices Concerns About CVS-Aetna Merger

New York Insurance Superintendent Maria Vullo said she has concerns about the impact of the proposed $69 billion merger between CVS Health and Aetna and called the recent U.S. Justice Department approval of the deal “myopic.” October 22, 2018 Full Story

BestWeek/BestReview Subscription Required Lloyd’s: Asia Insurance Gap Grows to US$134 Billion

The insurance gap in Asia is widening at a rapid rate owing to the increasing threat of natural disasters, new risks such as cyberattacks and the region’s economic growth, according to Lloyd’s Underinsurance Report 2018. October 22, 2018 Full Story

Pinnacle Actuarial Resources

A.M. BestTV

Agent/Broker

Analytics

Asia/Pacific

  • BestWeek/BestReview Subscription Required Canopius Continues Asia-Pacific Expansion With Executive Appointments: Canopius AG named Mathew Gundersen as head of operations for Asia-Pacific and Middle East/North Africa and Paul Hackett as head of marine, energy and engineering, Asia-Pacific and MENA, the latest in what the company said is a series of key appointments supporting its continued expansion across the Asia-Pacific region. Full Story

Courts

Cyber Insurance

Europe

  • BestWeek/BestReview Subscription Required Axa Group Chairman Talks About Changing the World One Habit at a Time: Axa Group, one of the world’s largest insurers, has a long history of being involved in corporate social responsibility initiatives. Axa Group Chairman Denis Duverne said shunning tobacco is only one element of the group’s ongoing efforts to align its business with its social goals. Through the Insurance Development Forum, he hopes to roll back global risk frontiers. Full Story

Health

People in Insurance

Property/Casualty

  • BestWeek/BestReview Subscription Required Allied World SVP: Construction Boom Strains Workforce, Safety: Mark Kleabir, senior vice president, Allied World Assurance, said many regions of the United States face labor shortages. One bright spot for safety is that more building components are being constructed offsite. Kleabir spoke with A.M. BestTV at the 2018 Wholesale & Specialty Insurance Association Annual Marketplace conference, held in Atlanta. Full Story

Risk Management

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Workers' Compensation

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