Industry News
Eyeing Specialty Focus, AXIS Transfers $2.3B of Re Reserves to Enstar
AXIS Capital Holdings Limited and Enstar Group Limited announced that they have entered into a loss portfolio transfer reinsurance agreement under which AXIS will retrocede $2.3 billion of ...
Tech Bytes: New Partnerships at ACORD, ZestyAI, Clearwater
Ping Data Technology, an insurance technology provider of artificial intelligence driven data ingestion, cleansing and geocoding solutions, and ACORD Solutions Group have announced a strategic ...
Trump Tariffs Could Intensify U.S. Trucking Industry Slump, Experts Say
President-elect Donald Trump's threatened tariffs on top trade partners China, Mexico and Canada would deal a blow to the $1.7 trillion U.S. transportation industry and worsen ...
California Commissioner Announces Regulation to Enable the Use of Modeling in Rates
California Insurance Commissioner Ricardo Lara on Friday announced what he's calling "first of its kind" catastrophe modeling and ratemaking regulation that will allow carriers to use the models as a ...
AIG Leads Launch of Reinsurance Syndicate at Lloyd’s
American International Group announced it has led the launch of a new reinsurance syndicate at Lloyd's. Commencing underwriting from Jan. 1, 2025, Syndicate 2478 will be a multi-year participant on ...
New York Considers Making Property Insurers Cover Taxi Claims Losses
New York is considering asking property and casualty insurers to cover the claims of insolvent taxi insurer American Transit Insurance Co., according to people familiar with the plans. That measure ...
Insurance Carrier Employees Are Bored; Most Boring Rankings Published
An outfit that wants to convince your employees to take "brain breaks" by engaging in online casino games has found that large insurance carriers are among the Fortune 500 companies with the most ...
What’s Not Changing in 2025: Homeowners Outlook, Re Retentions
When analysts at AM Best reviewed outlooks for the property/casualty insurance and reinsurance sectors this week, recent good news of a change in outlook for personal lines—and for the personal ...