All the headlines from our Carriers Topic Page, ordered by recency.
Apr 15 2024 // BNP Paribas, the euro zone’s biggest bank, has agreed to buy a 9% stake in Ageas from China’s Fosun Group for about 730 million euros ($780 million), making it the biggest shareholder in the Belgian insurer.The...
Apr 15 2024 // Bowhead Specialty Holdings disclosed on Friday that its net profit more than doubled in 2023, as the insurance underwriting company made its IPO filing public amid a rebound in fresh U.S. listings.The U.S. initial public...
Apr 15 2024 // As hard-market conditions continue to drive rate increases, independent agents face two challenges: explaining policy changes to their clients while continuing to nurture relationships with their carrier...
Apr 15 2024 // The U.S. Securities and Exchange Commission adopted final rules almost a year ago in July 2023 requiring public companies to disclose both material cybersecurity incidents and material information regarding their...
Apr 11 2024 // Massachusetts-based Norfolk & Dedham (N&D) and Union Mutual in Vermont, property/casualty insurers with a combined 350 years in the business in the Northeast, announced they intend to affiliate, subject to...
Apr 10 2024 // Policyholder surplus increased significantly, direct premium written jumped, and combined ratio has fallen for Florida-focused property insurance carriers in 2023, according to a Gallagher Re report released this week.The...
Apr 10 2024 // Pennsylvania has issued guidance for insurance companies’ use of artificial intelligence systems (AIS) based on a model adopted by the National Association of Insurance Commissioners (NAIC).The Pennsylvania Insurance...
Apr 9 2024 // Virginia Gov. Glenn Youngkin has returned a “bad faith” insurance claims bill to the General Assembly with recommendations for changes, disappointing property/casualty insurers that were hoping he would veto...
Apr 9 2024 // This post is part of a series sponsored by CoreLogic.Thirty years ago, we had seventeen minutes to escape a fire. Today, we only have three minutes. This is the result of the widespread use of petroleum-based products and...
Apr 9 2024 // Inflation is bringing rising loss costs for US commercial property/casualty insurers, according to Fitch Ratings, which reviewed reports from three US insurers — Cincinnati Financial Corp., HCC Insurance Holdings...
Apr 8 2024 // Shareholder pressure is growing on insurer Baloise to change its voting rules, with influential proxy adviser Glass Lewis backing one investor’s bid to remove a 2% ceiling on voting rights, saying it would make the...
Apr 5 2024 // The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed buildings and infrastructure disruptions. However, insurers are expected to...
Apr 5 2024 // For the first time, a fixed-income sector — private credit — topped the list of favored assets in Goldman Sachs Asset Management’s annual survey of global insurance companies.Of the 359 executives polled, 53%...
Apr 4 2024 // President Gustavo Petro’s decision to take control of a top Colombian health insurer sets a dangerous precedent, according to the industry and patient associations.The South American nation’s health...
Apr 4 2024 // The Florida Association of Insurance Agents, the largest agent group in the state, has taken the unprecedented step of investing in a startup insurance carrier, a move designed to help keep agents in the game and bring...
Apr 3 2024 // Emerald Bay Risk Solutions has launched as a property/casualty insurance fronting carrier, backed by Bain Capital Insurance and headed by a group of insurance veterans who have fronting experience.Calling itself a...
Apr 2 2024 // Systemic cyber risk is being discussed as a growing concern for insurers as technology advances and interconnectivity increases, but how is this risk defined? That may be one of its gray areas.“As you go through...
Apr 1 2024 // Brookfield Asset Management’s newly formed credit arm will cater to its parent’s insurance business and will also pitch other insurers on overseeing their assets, the unit’s chief executive officer...
Apr 1 2024 // Washington, D.C., April 1, 2024 – In collaboration with the Robert Wood Johnson Foundation, the Center for Community Investment (a sponsored project at Rockefeller Philanthropy Advisors) seeks ideas and information...
Apr 1 2024 // AM Best delivered 39 downward credit rating actions to U.S. personal lines insurers in 2023, more than twice the number registered for 2022, the rating agency reported in its official tally for the year.Additional...