Underwriting
Allianz Gains Full Control of China Life Insurance Venture With Regulator Approval
Allianz said on Wednesday that its Chinese life insurance business had received regulatory approval that will allow it to become the first wholly foreign-owned life insurer in China created from a ...
Nationwide, Kinetic Team on Wearable Workplace Safety Technology
New York-based safety technology firm Kinetic has formed an underwriting partnership with Nationwide's E&S/Specialty division. Acting as program manager, Kinetic Insurance is offering workers' ...
U.S., Israel Will Partner to Fight Ransomware Attacks
The U.S. Treasury Department said on Sunday it will partner with Israel to combat ransomware, with the two countries launching a joint task force to address cybersecurity. The task force will develop ...
Steadily, a Digital Landlord Insurance MGA, Raises New Funding
Steadily, an InsurTech MGA focused on landlord insurance, has raised $27.2 million in new venture capital designed to help expand the reach of its digital platform. Matrix Partners and Zigg Capital ...
Hippo Lost Less Money in Q3, Boosted Premiums and Continued Diversifying Distribution Options
Digital home insurer Hippo reduced net losses during the 2021 third quarter and boosted premiums substantially. The California-based InsurTech said it also made progress with its "omni-channel ...
Argo Group Will Sell U.S. Specialty Property Renewal Rights to Westfield Insurance
Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio. This transaction includes Argo's ...
Major European Reinsurers Report Strong 2021 Earnings to Date, Despite High Catastrophe Losses
All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period last year, according to a report from Fitch Ratings. Sharply lower ...
Berkshire Hathaway’s Gen Re Sets Up Shop in Dubai
The General Reinsurance unit of Warren Buffett's Berkshire Hathaway Inc has set up a Middle East office in Dubai, Dubai International Financial Centre (DIFC) said on Monday. Gen Re will provide life ...