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Life Insurance

Milliman | December 03, 2021

Milliman, Inc., a premier global consulting and actuarial firm, today announced the acquisition of Ruark Consulting, the platform and industry benchmark for principles-based insurance data analytics and risk management. Ruark publishes experience studies that are the leading benchmark for life insurers, with data contributed each year from companies comprising over $1.1 trillion of current annuity account values. These studies address complex and interrelated behaviors such as surrenders, partia...

Insurance Business America | April 28, 2020

Global reinsurers saw robust capital growth in 2019, although underlying returns remained low, according to the latest Reinsurance Market Report from Willis Re. Total capital dedicated to the global reinsurance sector was $605 billion at the end of 2019, reflecting year-over-year growth of 15%. The growth was driven primarily by 2019’s strong investment market performance, and was achieved despite a 3% contraction in alternative capital, Willis Re reported. Much of this expan...

Texas Farm Bureau Insurance | April 29, 2020

Texas Farm Bureau Insurance (TFBI) is refunding more than $20 million to it auto insurance customers, in response to the decrease in accidents following COVID-19 social distancing rules. A release explained that the company’s auto insurance policyholders will be credited and/or refunded 15% of their insurance premiums for two months. Those credits/payments will begin May 15, 2020. Policyholders will not need to take any action to claim their credit refund, TFBI said. For thos...

AXIS | February 03, 2020

At the last NetDiligence cyber conference held in London, head of cyber and technology underwriting performance at AXIS Capital, James Creasy (pictured), contributed to a discussion regarding cyber warfare and exclusions. Following up on this event, Creasy spoke with Insurance Business to give his perspective on the significance of major cyber events on increasing awareness of cyber risk and the importance of educating brokers and clients in this area. Creasy, who got his start in the insurance ...