Thorsten Schier

New York

Managing Editor at Insurance Insider US

Managing editor at Fastmarkets Americas. Steel nerd and King Crimson enthusiast. Opinions my own

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Articles

Next-Munich: The last nail in the coffin of InsurTech disruption

4 weeks ago | insuranceinsiderus.com | Farhin Lilywala |Jairo Ibarra |Thorsten Schier

Last week, Munich Re primary unit Ergo struck a deal to acquire Next Insurance in a bid valuing the Californian InsurTech at $2.6bn, Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
Insurance needs to step up its tech efficiency game: Markel’s Kryszon

1 month ago | insuranceinsiderus.com | Thorsten Schier

The insurance industry remains decades behind other financial services in streamlining its value chain, according to Markel CUO Guenter Kryszon. “If Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
2025 cat losses ‘could recalibrate the entire industry’: Zaffino

2 months ago | insuranceinsiderus.com | Thorsten Schier

Insured losses this year could tally over $200bn and force structural change, AIG CEO Peter Zaffino said. On a call with analysts, the executive added that this is given that the year started with a largely unexpected loss from the... Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
AIG Q4 CoR increases 3.3 points to 92.5% on higher cats

2 months ago | insuranceinsiderus.com | Thorsten Schier

AIG’s Q4 general insurance (GI) combined ratio (CoR) rose 3.3 points to 92.5% on a comparable basis as a result of elevated catastrophe losses partly offset by higher favorable reserve development. Meanwhile, Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
NBS acquisition gives Bridge a foothold in local agencies market: COO Batta

2 months ago | insuranceinsiderus.com | Thorsten Schier

Bridge Specialty’s acquisition of Nationwide Brokerage Services (NBS) ticked all the specialty broker’s strategic boxes: cultural and financial fit, synergies and expansion into a new area, COO Anurag Batta told this publication. “Looking Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
Q4 earnings: Early wildfire disclosures paint complex picture of loss

2 months ago | insuranceinsiderus.com | Thorsten Schier

Early disclosures from public carriers support what this publication wrote in initial reports: that the impacts from the catastrophe will be varied and not easily discernable via simple market share analysis given complicating factors like high-net worth exposure. Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
Reinsurance capacity key question at this year’s Property Symposium: Aon’s Peiser

2 months ago | insuranceinsiderus.com | Thorsten Schier

Aon’s 20th Property Symposium is gathering about 1,500 people in Florida this week to discuss market trends that include softening rates and a lack of new reinsurance start-ups, as well as novel program structures for large insureds. At Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
Reinsurance capacity key question at this year’s Property Symposium: Aon’s Peiser

2 months ago | insuranceinsider.com | Thorsten Schier

The event now includes a casualty portion and has officially been re-branded as the Property and Casualty Symposium.
Markel ‘streamlining’ US PL portfolio, moving public D&O access to Bermuda

2 months ago | insuranceinsiderus.com | Thorsten Schier

Markel is reorganizing and streamlining its suite of US professional products into four product lines – cyber, E&O, management liability and financial institutions. As Log in to continue Please enter your email address below. Password log in Opening your single sign-on provider... Questions about your access?
Markel ‘streamlining’ US PL portfolio, moving public D&O access to Bermuda

2 months ago | insuranceinsider.com | Thorsten Schier

Markel ‘streamlining’ US PL portfolio, moving public D&O access to Bermuda The carrier’s US platform will continue to be led by long-time executive Sal Pollaro.