Zurich Insurance Group AG, Switzerland’s biggest insurer, will cut costs by more than planned as it seeks to reverse a drop in earnings. Chief Executive Officer Martin Senn said he will make additional annual savings of at least $1 billion by …
The article Zurich Aims to Cut Costs by $1B, Seeking to Reverse Earnings Decline appeared first on Insurance Journal.
BP Plc has settled with oilfield services provider Halliburton Co. and contract driller Transocean Ltd. cross claims related to the 2010 Gulf of Mexico oil spill, the worst offshore disaster in U.S. history. BP still faces a potential fine of …
The article BP Settles Gulf Oil Spill Cross Claims with Halliburton, Transocean appeared first on Insurance Journal.
Hundreds of thousands of car owners who yesterday were urged to check a government website and see if their air bags are safe have overwhelmed the site and U.S. regulators say it might take several days before the database is …
The article Car Owners Swamp NHTSA Website Seeking Air Bag Recall Information appeared first on Insurance Journal.
California Governor Jerry Brown declared an emergency in Santa Barbara County after a Plains All American Pipeline LP oil conduit leaked as much as 2,500 barrels of crude along the state’s southern coastline. About 500 barrels of crude entered the …
The article Cleanup Continues for Oil Pipeline Spill Along Southern California Coast appeared first on Insurance Journal.
Independent broker network Brokerslink has signed a three year strategic partnership agreement with pan-African insurance group, Saham Finances. The bulletin said the agreement one of the biggest pan-African insurance groups (outside of South Africa) with a turnover of more than …
The article Brokerslink Signs Partnership Pact with African Insurer Saham Finances appeared first on Insurance Journal.
London-based Amlin plc reported gross written premium for the three months ended March 31, 2015 of £1.26 billion ($1.96 billion), compared with £1.27 billion ($1.97 billion) reported for the said period in 2014. At constant rates of exchange, gross written …
The article Amlin Reports 1.4% Drop in Q1 Gross Written Premiums to $1.96 Billion appeared first on Insurance Journal.
Darius Kumana leads a new team with a new mission that aims to bring the re/insurance industry into the 21st century. He recently joined Markel International in London as head of IT and Digital Strategy – specialties that until recently …
The article ‘Outside Forces’ are Changing the Industry: Markel’s Kumana Has Solutions appeared first on Insurance Journal.
