Evacuation Policies and Cat Strips: Wildfire Insurance and Reinsurance Ideas That Failed
Sometimes, it takes a few tries to develop the right insurance or reinsurance product—one that will align well with the needs and wants of customers.
Farmers Insurance announced that Kevin Yoo will join the organization as chief claims officer effective July 12. Yoo has an extensive ... The Regents of the University of California sued Lloyd's of London, arguing the company refused to reimburse the university system for the costs of data breaches covered in a ... Fidelis Insurance Holdings notched a valuation of $1.5 billion on Thursday after shares of the reinsurer fell 6.4 percent on debut. SiriusPoint has seen a cluster of challenges over the past two years—ranging from an incomplete merger integration to persistent underwriting and investment losses to ...
N.J. High Court to Hear Insurers’ Appeal Over War Exclusion in NotPetya Attack
The New Jersey Supreme Court has agreed to decide whether a hostile/warlike action exclusion in an all risks property insurance policy applies in a case involving insurance coverage for a 2017 ...
Conning: Fronting Market Growth Expected to Slow
The U.S. fronting market, where specialized carriers offer their financial strength rating, licensing and other services primarily to managing general agents (MGAs), has seen dramatic growth in ...
Executives on the Move at Farmers, Hiscox, Swiss Re
University Files Lawsuit Against Lloyd’s For Unpaid Cyber Insurance Claims
Fidelis Insurance IPOs; Valued at $1.5B in Lukewarm Market Debut
Nationwide E&S Exiting Commercial Auto Effective July 15
Nationwide E&S will stop writing wholesale-driven contract binding commercial auto new business, including primary brokerage auto effective July 15, according to an announcement released to ...
Serious Change Underway at SiriusPoint
Another Soft Market Is Inevitable
In recent weeks, executives of brokers and carriers have been delivering mixed messages about conditions in the commercial insurance market. "The long curve, the larger trend, is bending in a ...
AIG to Sell Validus Re to RenRe in $3B Deal
American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings for about $3 billion, mostly cash. The deal, expected to close during ...