Risk
UK’s Johnson Seeks End to Neverending Brexit With Dec. 12 General Election
U.K. Prime Minister Boris Johnson will seek a general election on Dec. 12, setting up a national vote on his Brexit strategy. Johnson briefed his cabinet on Thursday afternoon and announced that a ...
China’s Ping An Insurance Boosts Q3 Profit Through Investment and Banking Income Gains
Ping An Insurance (Group) Co., China's largest insurer by market value, said third-quarter profit jumped 50 percent thanks to higher investment returns and banking income. Net income rose to 31.9 ...
Startup Constellation Insurance Holdings Raises $500M to Invest in M&A, Demutualizations
Constellation Insurance Holdings, founded by industry veteran Anurag Chandra, former CEO of Prosperity Life Insurance Group, has partnered with Canadian institutional investors, Caisse de dépôt et ...
Beazley Makes Strategic Investment in Hong Kong’s Pegasus Underwriting
Beazley, the London-based specialist insurer, is making a strategic investment in Hong Kong-based coverholder Pegasus Underwriting Ltd. The investment will see Beazley become a 30 percent shareholder ...
States Vary Widely in How They Control Workers Comp Medical Costs
Workers' compensation medical costs vary widely among the states both in terms of price and how often services are used. The differences appear to relate closely to which cost-drivers each state ...
Reinsurers’ Earnings Will Erode Further After 3rd Year of Major Claims: AM Best
Reinsurers' earnings are likely to see further erosion in 2019 after another year of major catastrophe losses, which is prolonging the positive momentum for reinsurance pricing, according to a new ...
Typhoon Hagibis To Cost Insurers at Least $8B; $16B Possible: AIR Worldwide
Catastrophe risk modeling firm AIR Worldwide estimates that industry insured losses from Typhoon Hagibis, which made landfall in Japan on October 12, will be between $8 billion (JPY 865 billion) and ...
Nationwide Invests in Cybersecurity InsurTech Focused on Connected Vehicles
Nationwide said it has invested in Upstream Security, an InsurTech focused on providing cybersecurity for connected vehicles. Upstream's cash infusion will it enable OEM car manufacturers and fleets ...