Underwriting
SkyWatch.AI, Starr Begin Usage-Based Drone Insurance in Canada
InsurTech SkyWatch.AI and Starr Insurance Companies have launched a usage-based drone insurance product in Canada. The coverage debuted in Ontario, Canada, and it includes on-demand hourly, monthly ...
Everest Re Improves Results With Premium Hikes and Investment Income
Everest Re Group reported a successful 2019 fourth quarter and year, driven largely by gains in insurance premiums and investment income. The Bermuda-based insurer and reinsurer reported $217.6 ...
Global Natural Disasters Caused Economic Damages Surpassing $3B in January: Aon
U.S. storms, Australian bushfires and hailstorms, and floods in various countries across the globe caused more than $3 billion in economic damages during January, according to Aon's Global ...
Climate Change Makes ‘Atmospheric Rivers’ Drench the U.S.
Climate change is spurring a new, deep dive into a complex, little-studied weather system blamed for creating billions of dollars in flood damage across the western U.S. Atmospheric rivers are narrow ...
New Cyber Services From AXA XL/Accenture and Cowbell Cyber/Advisen
AXA XL and Accenture's partnership will give the insurer a new service to help clients respond to and recover from cyber attacks. Managing general agent Cowbell Cyber said it will incorporate ...
CNA Scores With Improved Q4 Results and Investments
Higher premiums, soaring investment results and fewer catastrophe losses helped CNA Financial Corp. produce solid net income to close out 2019. CNA's Q4 2019 net income reached $273 million, or $1 ...
Tokio Marine Closes $3.1B Acquisition of PURE Group
Tokio Marine Holdings announced that it has completed the acquisition of Privilege Underwriters Inc. and its subsidiaries, known as PURE Group, which specializes in the U.S. high-net-worth insurance ...
AXA Confirms Plans to Sell Eastern Europe Operations for Nearly $1.1B
AXA has confirmed earlier reporting that it has agreed to sell its operations in Poland, Czech Republic and Slovakia to Austria's Uniqa Insurance Group. AXA will sell 100 percent of its life and ...