Best's Review

Pandemic Backstops Face Uphill Battle Amid COVID-19 Crisis UPDATED 7/23/21 3:00P.M.

The insurance industry wants a government-assisted business interruption gap fix before the next pandemic hits.

Posted: Jul 30, 2021

Sompo International Holdings Ltd. Names Successor to Retiring Executive Chairman John Charman

Also, Gallagher Re appoints new chief executive officer, Scor names new CEO for Canada operations and ABI director general to step down.

Posted: Jul 30, 2021

AM Best: Insurers Reassessing Cyberrisk Due to Ransomware, Aggregation Risks

Cyber insurers are reacting to the consequences of ransomware attacks as a new AM Best report says the trend in cost containment is disturbing.

Posted: Jul 30, 2021

AM Best: COVID-19 Sparked Innovation for Insurers in Russia

The pandemic presented challenges for Russian insurers in terms of both the asset and the liability sides of their balance sheets. It also highlighted the increasingly important role of technology and innovation in the industry.

Posted: Jul 30, 2021

Connecting With Customers by Building Brand Communities

It’s also important for marketers to tell their story and their organization’s societal impact so consumers can align themselves with their brand and products, said Wharton’s Americus Reed II.

Posted: Jul 30, 2021

Insurers Take Initial Steps to Explore the Use of Cryptocurrency

The August issue also includes coverage of the reinsurance sector and a ranking of the largest insurers in Russia and Kazakhstan as well as the largest risk retention groups, based on AM Best data.

Posted: Jul 30, 2021

Bold Penguin: Insurance Sales Are Evolving Into Faster, Less-Expensive Transactions

Home Sweet Homepage: Aon and Willis Towers Watson, top-tier brokers in the process of combining, lead web analytics provider Semrush’s ranking of insurance brokers.

Posted: Jul 19, 2021

In Other News...

Shades Creek Captive, NORCAL and Georgia Casualty & Surety are among the life/health and property/casualty insurers in the United States that have experienced a corporate change.

Posted: Jul 19, 2021

Name Changes, Mergers and Domiciliary Change

AM Best also comments on the pace of innovation, the outlook for medical professional liability insurers and the cyberattack on Colonial Pipeline.

Posted: Jul 19, 2021

Trending Research Includes Reports on US P/C Insurers, D&O and ILS Markets

U.S. representatives argue international capital standard would not be appropriate as a capital rule for U.S. internationally active insurance groups.

Posted: Jul 19, 2021

Fed Seeks More Time to Test US Capital Standard as Alternative to International Requirements

The coverage mechanisms will require large financing from member states due to the unprecedented physical costs of the measures put in place to manage the COVID crisis so far.

Posted: Jul 19, 2021

European Commission Official Cautions on Pandemic Public-Private Insurance Partnerships

It’s also important to understand sales and executive goals and communicate succinctly, says Gallagher Bassett’s Dave Gordon.

Posted: Jul 19, 2021

Successful Marketers Align With Colleagues for Effective Branding and Messaging

Web-based app collects and centralizes data to streamline processing of insurance applications.

Posted: Jul 19, 2021

Wunderite Driving Independent Agents Toward ‘Google Maps’ Experience

Larry Goanos provides an insider’s look into the people and companies that have made the business successful.

Posted: Jul 19, 2021

A Love Letter to the Ones Who Built the Professional Lines Insurance Sector

Also, BIBA names chair and deputy while Hippo announces a series of executive changes, including its first chief information officer.

Posted: Jul 19, 2021