Underwriting
Natural Catastrophe Losses Reached $40B in H1 2021, Hovering Near Record: Swiss Re
Estimated insured losses from natural catastrophes reached $40 billion during the first half of 2021 — driven by a deep winter freeze, hailstorms and wildfires — while man-made disasters ...
Insurance Broker Gallagher Seals Deal to Acquire Willis Re
Insurance broker Arthur J Gallagher & Co said on Friday it had agreed to buy the treaty reinsurance brokerage business of Willis Towers Watson for an initial consideration of $3.25 billion. The ...
Record Disaster Claims Slam German, Chinese Insurers as Extreme Weather Intensifies
Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential losses of $6.5 billion and $1.7 billion, respectively, ...
Zurich CEO Greco Advocates Carbon Tax to Punish Polluters
Zurich Insurance Chief Executive Mario Greco wants governments to levy a carbon tax and remove the incentive for socially irresponsible companies to maximize profits by polluting the environment, he ...
There’s Some Progress in the Global Battle to Reduce Cyber Risks: Aon
Despite the worsening cybersecurity climate, there's been some global progress in developing strategies to reduce risk, a new Aon report asserts. "We are seeing a new level of collaboration between ...
W.R. Berkley, State Auto, Guidewire Join Financing for New Digital Vehicle Titling Startup
W.R. Berkley Corp., State Auto Insurance and other industry stalwarts joined a new $8.5 million investment round for Champ Titles, a startup that digitizes the process of vehicle titling. Berkley and ...
Insurance Is a Top Cost Worry For Canadian Small Businesses: Survey
Insurance has become the top operating cost concern for small businesses in Canada with seven in ten reporting that their premiums have gone up since the beginning of the year, according to the ...
Goosehead Insurance Aims Beyond Agents With New Online Consumer Platform
Insurance technology company Goosehead Insurance Inc will launch on Wednesday a web-based service aimed at people shopping for personal coverage online, extending its reach beyond traditional agents ...
Ally Financial Will Offer Home Insurance Policies Via Hippo Partnership
U.S. online bank Ally Financial has agreed to backstop home insurance policies provided by Hippo Holdings Inc, providing capital for the latter to generate more business, the ...