Underwriting
Workers Comp in 2016: Record High Premiums, Slower Growth
The workers' compensation industry reported a record high $58.5 billion in direct premiums written in 2016 but year-after-year growth slowed for the first time in five years. Growth deceleration was ...
Chubb Estimates Over $1B in Losses From Hurricanes Harvey and Irma
Chubb Ltd. reported more than $1 billion in estimated third-quarter losses stemming from Hurricanes Harvey and Irma, reflecting a substantial hit for the insurer and reinsurer. Further details will ...
Lloyd’s Likely Left With $4.5B in Harvey, Irma-Related Net Losses
Lloyd's of London expects net losses of $4.5 billion from hurricanes Harvey and Irma, which analysts said would eat into the insurer's capital and hit its profitability. Although losses from natural ...
London-Based Insurers Seeking Post-Brexit EU Licenses Warned About Gaming System
London-based insurers applying for licenses to operate in the European Union after Brexit will be scrutinized for any attempts to game the system, the bloc's insurance watchdog said. Insurance ...
Berkshire Hathaway’s Gen Re Turns to India for Multiple Insurance Opportunities
General Re, a unit of Warren Buffett's Berkshire Hathaway Inc. which won a license to open an Indian office in May, is seeking a larger slice of the world's fastest-growing reinsurance market. The ...
AGCS and Cyence Link on Cyber Risk Modeling Plan
Allianz Global Corporate & Specialty SE is turning to Silicon Valley startup Cyence an effort to boost its ability to perform global cyber risk analysis in multiple ways. Their pairing will allow ...
Hurricane Maria Could Tip Scale Above $100B for Q3 Insured Losses: Morgan Stanley
Insurers and reinsurers alike will see Q3 insured losses that risk surpassing $100 billion in the wake of Hurricanes Harvey, Irma and Maria as well as two major earthquakes in Mexico, Morgan Stanley ...
InsurTech Innovation Updates From Lemonade and Roost
Lemonade has come out with a new product that offers new and existing members a "zero deductible" upgrade, letting them make up to two claims annually with no deductible payments or rate hikes. ...