Underwriting
Updated: Moody’s to Pay $2B for Daily Mail’s RMS Cat Modeling Unit
The publisher of Britain's Daily Mail said on Thursday it had agreed to sell its insurance risk business RMS to Moody's Corporation for about 1.425 billion pounds ($1.99 billion) in cash. Chief ...
Markel’s Q2 Informed by Strong Premium Gains, Except for Workers Comp
Markel Corp.'s second quarter saw a dip in net income even as rate hikes and business growth led to substantial gains for earned premiums. Its combined ratio also came in at a healthy level. "Our ...
Zurich Insurance, Metromile Disclose Their Post-COVID Return-to-Office Plans
Zurich Insurance and Metromile are among a number of industry companies that have plotted post- COVID returns to the office. Like the others who have recently disclosed their plans, they are doing so ...
FDA Slaps ‘Most Serious’ Label on Philips Ventilator Recall Over Low Oxygen Risk
The U.S. Food and Drug Administration on Tuesday classified the recent recall of some of Philips' ventilators as Class 1, or the most serious type of recall, saying the use of these devices may cause ...
Insurance Withdrawal Puts Sports and Festival Events at Risk
While there was debate about the wisdom of the Tokyo Olympics proceeding as scheduled given the current health conditions, the insurance industry dodged a bullet with the go-ahead. According to ...
MGA reThought Insurance Nails $15.5M Investment to Boost Flood Insurance Market Push
The MGA reThought Insurance secured a $15.5 million investment round designed to accelerate its growth in the U.S. Commercial flood insurance market. Several investors participated in the Colorado ...
The Hartford’s Q2 Net Income Is 94% Higher Than Last Year
The Hartford reported $900 million in net income in the 2021 second quarter, a 94 percent jump from second quarter 2020. Core earnings of $836 million were up 91 percent from second quarter 2020. ...
UK Drone Insurer Flock Raises $17M for Planned Expansion
British drone insurer Flock has raised $17 million from investors in early-stage funding led by venture investor Chamath Palihapitiya's Social Capital, Flock said on Thursday. Flock started out ...