Underwriting
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. ...
Small, Medium-Sized Businesses See BI Coverage Gaps After Terrorist Attacks: Pool Re Report
Many terrorism insurance policies are triggered when there is physical damage to a property. As a result, commercial insurance buyers may find that they are unprotected against business interruption ...
State Auto Eyes Startups and Innovators With New $25M Investment Fund
State Automobile Mutual Insurance Co. is rolling out a $25 million venture fund designed to back innovative P/C industry ideas and startups, but there's a twist. The project is launching through the ...
Equifax CEO Smith Retires After Massive Cyber Attack
Equifax said on Tuesday its Chief Executive Officer Richard Smith will retire following a massive data breach at the credit reporting firm that exposed personal details of up to 143 million U.S. ...
Bank of England: 130 Financial Firms to Seek Post-Brexit UK Licenses
The Bank of England expects 130 financial firms from across Europe to apply for licenses to continue operating in Britain after Brexit, its Deputy Governor Sam Woods said on Tuesday. Woods, who ...
Hurricane Maria Misses Land in U.S. but Hampers Storm-Slammed Refineries
Hurricanes sometimes don't need to make landfall to cause problems for U.S. refineries. At least two East Coast refineries are making less gasoline and diesel as rough Atlantic seas hamper the ...
AXIS $611.5M Acquisition of Novae to Close by Mid-October
AXIS Capital Holdings Ltd. expects to complete its acquisition of Novae Group plc by mid-October. European Commission approval of the $611.5 million transaction is expected no later than Oct. 18, the ...