Underwriting
Reinsurers Increasingly Use Third-Party Capital to Transfer Risks
Reinsurers are increasingly relying on third-party capital to support their retrocession needs, in which they transfer risks they have assumed to other counterparties. According to a report from ...
Fiat Chrysler Reportedly Nears Plea Deal in U.S. Emissions Fraud Probe
Fiat Chrysler Automobiles (FCA) is nearing an agreement to plead guilty to criminal conduct to resolve a multiyear emissions fraud probe surrounding Ram pickup trucks and Jeep sport-utility vehicles ...
Global InsurTech Investment Hits Record $10B Through September
Global investment in insurance technology (InsurTech) start-ups totalled $10.5 billion in the first nine months of 2021, a record high level for the period, reinsurance broker Willis Re said on ...
Global Average Annual Disaster Losses Could Surpass $200B in 10 Years: AIR Worldwide
The global insurance industry can currently expect a long-run annual average loss of $106 billion and a greater than a 40 percent chance of experiencing an annual loss of more than $200 billion in ...
China’s Ping An Insurance Hit With Profit Plunge Due to Investment Losses, Premium Dive
Ping An Insurance Group Co of China Ltd , the country's largest insurer by market value, posted a 31.2% fall in third-quarter net profit on Wednesday as its premium income shrank on a weak economy ...
COVID Fallout: Insurers Must Address Evolving Small Business Risks
During the past 18 months, the COVID-19 pandemic has wreaked havoc on thousands of U.S. small businesses and created unprecedented challenges for them as well as for their insurers. Amid numerous ...
Chubb’s Q3 Net Income Jumped 58 Percent, Driven by ‘Outstanding’ Premium Revenue
Chubb's Q3 net income soared more than 58 percent year-over-year, as premium gains continued their double-digit climb. "Chubb had a very strong third quarter, highlighted by outstanding premium ...
InsurTechs Focused on Small Business Insurance and ‘Portable’ Benefits Raise Venture Capital
Coterie Insurance raised $50 million to help fuel a widespread launch of its digital platform for small business insurance. Allstate joined a $47 million venture capital round for Stride, an ...