Underwriting
Average U.S. Commercial Insurance Price Hikes Continue to Trickle Downward: Willis Towers Watson
While aggregate U.S. commercial insurance price hikes continue to moderate, most lines are still producing robust price increases, according to Willis Towers Watson. Excess/umbrella produces ...
Volatile Cyber Market Struggles to Boost Reinsurance Capacity
The cyber insurance market could benefit greatly from more reinsurance cover but it has been a challenge to attract interest. Part of the reason is because the cyber market is a relatively new one ...
Business Groups Muted About Biden Vaccine Mandates
Republicans on Friday vowed to fight U.S. President Joe Biden's new vaccine mandate covering big companies and federal employees, but business groups that often agree with them on issues like taxes ...
Digital Business Insurance MGA Vouch Pulls in $90M Investment; Partners With SiriusPoint
Vouch, a digital business insurance platform for startups, has closed on a $90 million round of financing, with plans to use the investment for new products and embedded insurance for its various ...
P/C Reinsurers Keep Underwriting Discipline, Even as Capacity Rises: Guy Carpenter
Property and casualty reinsurers have displayed underwriting discipline during this year's renewals, continuing with rate corrections that began several years ago, despite the pressures of abundant ...
Allianz Fund Managers Under U.S. DOJ Investigation
The U.S. Department of Justice (DOJ) investigation into German insurer Allianz is looking at possible misconduct by fund managers and misrepresentation of risk to investors, three people with ...
Jetty Raises $23M, Launches Product to Help Renters Cover Monthly Payments
Jetty has raised $23 million in additional venture capital and launched a new product that helps renters cover their monthly payments. Jetty's Jetty Rent coverage will pay rent on behalf of renters ...
Lloyd’s Swings Into the Black With H1 Profit of Nearly $2B
Lloyd's of London reported pre-tax profit of £1.4 billion (US$1.9 billion) for the first half of 2021, compared to a £400 million (US$550.8 million) loss during H1 2020. The market's profit was ...