Content from Andrew Simpson
Berkshire Hathaway 2019 P/C Insurance Profit Disappoints
Full-year insurance results at Berkshire Hathaway disappointed in 2019, with after-tax earnings from underwriting falling to $325 million in 2019 compared to $1.6 billion in 2018. Earnings from ...
A Breakdown of How the U.S.-China Trade Agreement Addresses Insurance
President Donald Trump and Chinese Vice Premier Liu He signed an economic and trade agreement that promises to increase the agricultural and other goods and services China will buy from the U.S. by ...
27 Carriers in Play With $1.3B FEMA Flood Program Reinsurance Renewal
The Federal Emergency Management Agency reported its 2020 traditional reinsurance placement for the National Flood Insurance Program, a transaction in which 27 private reinsurers assumed $1.33 ...
Trump Signs Spending Bills with Flood, Terror Insurance Renewals Into Law
President Trump signed two government funding measures into law last week that included two provisions of interest to the property/casualty insurers: a reauthorization of the National Flood Insurance ...
Low Interest Rates Could Dent French P/C Insurers Profits in 2020: Moody’s
The 2020 outlook for the French insurance sector is negative, reflecting growing pressures on the property/casualty insurers' profitability from low interest rates, Moody's Investors Service said in ...
Record Venice Floods Top November Catastrophe Losses
Flooding and inland storms led to multi-billion-dollar economic loss in western and southern Europe during November, according to insurance broker Aon's latest edition of its monthly Global ...
Insurance Tech Firm Applied Systems to Grab Indio Technologies for Undisclosed Price
Leading insurance technology firm Applied Systems has agreed to acquire digital insurance technology startup Indio Technologies. The move will enable Applied Systems to offer Indio's digitized ...
Openly, a Home Insurance InsurTech, Launches in Two States, Raises $7.65M
The tech-enabled high-end home insurance provider Openly announced it has begun selling in Illinois and Arizona at the same time it announced a $7.65M seed round of funding led by Gradient Ventures, ...