Content from Andrew Simpson
P/C Insurance Trade Groups AIA and PCI Plan to Merge
Two leading U.S. property/casualty insurance carrier trade groups are talking about merging. The American Insurance Association (AIA) and the Property Casualty Insurers Association of America (PCI) ...
Digital Insurance Agency EverQuote Launches IPO
Cambridge, Mass.-based online insurance agency EverQuote Inc. has commenced an initial public offering it hopes will produce $43.2 million in net proceeds for the company. EverQuote is offering ...
AmTrust Postpones Shareholder Vote on Going Private; Contested Plan Lacks Shareholder Support
Lacking enough shareholder votes for approval, AmTrust Financial Services Inc. has postponed until June 21, 2018, the special meeting on a plan to take the insurer private. The meeting was originally ...
Marine Insurance Blockchain Makes Its Debut
A blockchain that is said to be the first for $30 billion marine insurance is now in commercial use, according to a coalition of technology, insurance, marine and consulting businesses. EY, ...
Insurers Back Global Regulation Provision in Newly-Passed Banking Reform Bill
The financial services regulatory reform measure passed by Congress yesterday, which contains parts of more than 25 different bills, includes a provision on international insurance regulation that is ...
Lloyd’s Terminates Ties With All NRA Insurance Programs
Lloyd's of London has directed its underwriters to terminate any insurance programs they have with the National Rifle Association (NRA) and to not enter into any new ones. "The Lloyd's Corporation ...
Lockton Fined in NY Over NRA Insurance; Probe of Other Players Continues
Insurance broker Lockton will pay a $7 million fine for administering National Rifle Association (NRA) member insurance programs in New York that officials say violate several state laws. The ...
FEMA Shifts More Risk to Private Markets With First NFIP Catastrophe Bond
In another step shifting risk to private markets, the Federal Emergency Management Agency (FEMA) said it intends to secure additional reinsurance for the National Flood Insurance Program (NFIP) ...