All the headlines from our Carriers Topic Page, ordered by recency.
Oct 25 2021 // EXOR, the holding company of Italy’s Agnelli family, has restarted talks with French insurer Covéa over a possible sale of reinsurer PartnerRe, Il Sole 24 Ore reported on Saturday, after the deal was scrapped last...
Oct 22 2021 // Bermuda’s advantageous tax status for the re/insurance industry will be reduced at the margin with the expected passage of the recent multilateral agreement to establish a 15% global minimum tax rate, according to...
Oct 22 2021 // Guidewire Guides Insurers to InsurtechsGuidewire Software has launched a program designed to connect its property/casualty insurance industry customers to up-and-coming insurtechs. Dubbed, Insurtech Vanguards, the program...
Oct 21 2021 // Pay-per-mile digital auto insurer Metromile is pursuing what it is calling a “significant” expansion of its use of independent agents to sell its insurance, and it has hired a Travelers Insurance executive to...
Oct 21 2021 // New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate change on their business, officials said on Thursday.About 200 of the largest...
Oct 20 2021 // Years of low interest rates and burgeoning catastrophe losses have accelerated the hardening of the reinsurance market, as the January 2021 renewals clearly demonstrated, and moreover, the COVID-19 pandemic has worsened...
Oct 20 2021 // Global investment company JAB Holding Co. is acquiring a majority stake in UK pet insurer, Cardif Pinnacle.Cardif Pinnacle’s current parent company, BNP Paribas Cardif, will retain a significant minority interest in...
Oct 19 2021 // It’s not just a few Florida property insurance companies that are running into financial trouble. Almost every carrier is losing money in 2021 and the future does not look any better, the CEO of Citizens Property...
Oct 18 2021 // Florida insurance companies and their lawyers must disclose their financial arrangements with expert witnesses when asked to do so in litigation, the state Supreme Court has decided.In two decisions last week, the high...
Oct 18 2021 // The New York State Department of Financial Services (DFS) is mandating continuing education in flood insurance for property/casualty insurance producers in response to the increasing risk of flooding due to climate change....
Oct 18 2021 // The U.S. insurance industry faces only minimal exposure to land development companies in China as one of that country’s largest property developers, Evergrande, appears on the brink of collapse.According to analysts...
Oct 18 2021 // The ongoing eruption of the Cumbre Vieja volcano, located on the La Palma Island in the Canary Islands archipelago of Spain, is a reminder to insurers of the challenges posed by non-modeled perils,” commented Michal...
Oct 18 2021 // The U.S. property insurance market is accumulating cyber exposures that could result in $12.5 billion in non-physical damage losses and cause capital adequacy ratios for some carriers to deteriorate.A study conducted by...
Oct 18 2021 // Agent digital experiences are moving to the forefront of property/casualty insurance carrier technology strategies, according to a recent survey report published by Celent.Just having a web portal isn’t going to cut...
Oct 15 2021 // Workers’ compensation insurers have slashed spending on opioids, reducing the risk of addiction and delayed recovery, but now they are under increasing pressure to reimburse injured workers for a new kind of...
Oct 14 2021 // Three more appeals in assignment-of-benefits cases have gone in favor of Florida property insurers.Florida’s 3rd and 4th District Courts of Appeal handed down opinions Wednesday that upheld lower courts and found...
Oct 14 2021 // This edition of International People Moves details appointments at broker Willis Towers Watson, specialty insurer Fusion and insurer Beazley.A summary of these new hires follows here. Willis Towers Watson Hires ERS’...
Oct 13 2021 // Johnson & Wales University is suing its insurer over financial losses caused by the coronavirus pandemic, alleging the company breached its contract because it did not allow the university to claim pandemic-related...
Oct 13 2021 // China is inspecting the nation’s financial regulators, biggest state-run banks, insurers and bad-debt managers for the first time in six years to root out corruption in its $54 trillion financial system.A team led by...
Oct 12 2021 // Apollo Group Holdings Ltd., the largest independent, management-owned business at Lloyd’s, announced it has agreed a $90 million investment by Alchemy Special Opportunities Fund IV LP.Apollo said the investment will...