The Risk Management Blog
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There are many ways a company’s long-term strategy can fail. The problem may be execution. Or perhaps continually shifting the plan aka moving the goal posts (*cough* … Hewlett-Packard). Another common downfall is expanding too fast (*cough* … Toyota). Sometimes companies fall victim to their own success, deluding themselves into believing they can thrive in areas in [...]
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No, neither Johnathan Franzen nor myself made the list. We’re talking about the companies that wrote the most business in 2010. Here’s the full list of the top 25 U.S. carriers in terms of net premiums written, according to AM Best. 1. State Farm Group—$50,808,635 2. Allstate Insurance Group—$24,796,656 3. Liberty Mutual Insurance Cos.—$21,483,996 4. Berkshire [...]
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Though it is far too early to pin down an exact number for the amount of money the Japan quake will cost insurers, initial estimates have started to surface for some of the hardest hit insurers and reinsurers. Swiss Re, the world’s second-biggest reinsurer, has estimated it will face claims of about $1.2 billion from [...]
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The Industrial and Commercial Bank of China (ICBC), the world’s largest bank in terms of market capitalization, has teamed up with AIA Ltd, AIG’s Asian life insurance unit, to have ICBC sell AIA products at its branches. A good move for AIG, seeing as “China is the world’s sixth-largest life insurance market, with about $96 [...]
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