All the headlines from our Carriers Topic Page, ordered by recency.
Nov 25 2020 // Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday.More fintech firms are expected to...
Nov 25 2020 // British roadside recovery company AA Plc agreed a sale to private equity groups Warburg Pincus International and TowerBrook Capital Partners on Wednesday, in a deal that digs a popular UK institution out of financial...
Nov 24 2020 // Metromile Inc., the pay-per-mile auto insurer, has reached a deal to go public by merging with Insu Acquisition Corp. II (Insu II), a special purpose acquisition company (SPAC).The merger will result in Metromile becoming...
Nov 24 2020 // Aviva Plc is selling its stake in its Italian life insurance joint venture for about 400 million euros ($475 million) as Chief Executive Officer Amanda Blanc continues her revamp of the firm.The insurer will sell its 80%...
Nov 23 2020 // A Mississippi Gulf Coast casino has become one of many businesses nationwide to sue its insurer for refusing to cover business losses because of the coronavirus pandemic.Island View Casino Resort in Gulfport contends in...
Nov 23 2020 // Hamilton Insurance Group Ltd. announced the launch of Ada Capital Management Ltd., a Bermuda-regulated insurance agent authorized to underwrite on behalf of Ada Re, a new Bermudian special purpose insurer.Ada Re has...
Nov 23 2020 // Kemper Corp. has agreed to pay $370 million in cash for specialty auto insurer American Access Casualty Company and its related captive insurance agency, Newins Insurance Agency Holdings. Driving the deal: Growth potential...
Nov 20 2020 // Congress is weighing whether insurers and government can together “bend pandemic risk curves” for future events or simply replace some of the economic losses of businesses, putting them “into induced...
Nov 20 2020 // Santam said on Friday it would appeal against a court ruling that found South Africa’s largest non-life insurer liable to pay a client’s claim relating to a coronavirus lockdown.Like insurers in other...
Nov 20 2020 // The Kentucky Associated General Contractors Self-Insurers’ Fund, a workers’ compensation insurance provider in the state of Kentucky, will return more than $18.5 million, including special fund tax...
Nov 18 2020 // Italy’s top insurer Generali on Wednesday said it is aiming to become a top player in asset management after confirming its 2021 financial targets despite the pandemic.At an investor day on Wednesday, the insurer...
Nov 18 2020 // The U.S. insurance industry has achieved only modest gains in increasing diversity over the last 10 years, according to government data compiled by S&P Global Market Intelligence.S&P found that the percentage of...
Nov 18 2020 // Insurance broker Aon plc has launched an Asia Pacific Capital Advisory unit within Reinsurance Solutions to deliver a holistic approach to capital optimization for re/insurers.The initiative follows Aon’s launch of...
Nov 18 2020 // Recent research shows that more insurers are taking advantage of Cloud technology for data storage and managing business functions. According to a 2018 report from Novarica called Cloud Adoption in Insurance: Trends and...
Nov 18 2020 // Canada’s Intact Financial and Denmark’s Tryg on Wednesday said they had reached an agreement to buy British insurance group RSA for 7.2 billion pounds ($9.6 billion) in cash in one of Europe’s biggest...
Nov 18 2020 // A Cape Town court ordered Santam Ltd. to pay out business-interruption claims to two South African hospitality companies, potentially opening up the industry to cover losses suffered because of the coronavirus pandemic.The...
Nov 18 2020 // After a tumultuous year that included double-digit rate increases, an intervention by the state regulator and a merger, Florida-based insurer Southern Fidelity Insurance Co. (SFIC) and its affiliated entities have ceded a...
Nov 18 2020 // Insurers are trying to escape liability for pandemic-related business losses with counter-intuitive arguments that go against the essential purpose of insurance, Britain’s markets watchdog told the UK Supreme Court...
Nov 18 2020 // Fairfax Financial Holdings and its subsidiary Allied World Assurance Co. have agreed to sell their majority interests in Florida-based high-net worth insurer Vault E&S Insurance Co. to private equity investor Cornell...
Nov 17 2020 // The Texas Department of Insurance has issued a call to insurers licensed to write property/casualty insurance in Texas, including surplus lines and farm mutual insurers for the collection of data about a 2019 storm in...