Commercial Lines
Few Small Businesses in Puerto Rico Had Full Insurance Before Hurricane Maria
Only a tiny fraction of small businesses in Puerto Rico was fully insured for losses arising from last year's Hurricane Maria, which hit revenue or raised costs for more than three-quarters of them, ...
S&P Ratings Outlook Improves for Berkshire Hathaway Insurance Subsidiaries
Berkshire Hathaway's insurance subsidiaries are the beneficiaries of an improved ratings outlook from Standard & Poor's Global Ratings. S&P said it revised its outlook to stable from negative ...
Picture an experienced underwriter who’s spent 30 years building carrier relationships, spotting risks others miss, and mentoring producers. Over the...
Zurich Commits $414M to Acquire Majority Stake in Indonesia Insurer
Zurich Insurance is acquiring an 80 percent stake in Indonesia's Adira Insurance from PT Bank Danamon Indonesia and a minority investor for at least around $414 million, the Swiss group said on ...
Cyber Risks Remain for Financial Firms, Even Outside Their Defenses
The biggest financial firms see significant risk from cyber attacks, even if their companies aren't the ones being targeted. While banks and asset managers have spent billions on cybersecurity, they ...
Slice Labs, Marketing On-Demand Insurance Platform, Raises Another $20M From Multiple Carriers
Slice Labs disclosed it has pulled in another $20 million in venture financing, with plans to use the money to accelerate globalization of its platform that enables on-demand insurance. The ...
Bank of England Urges Banks to Accelerate Climate Change Risk Plans
Only a small fraction of banks in Britain are planning properly to mitigate risks to their businesses from climate change, the Bank of England said on Wednesday, adding it would push lenders to take ...
China’s Anbang Insurance Group Draws Multiple Bidders for $200M in Japanese Real Estate
Anbang Insurance Group Co Ltd aims to sell $200 million worth of Japanese real estate to bidders including Blackstone Group LP, about two years after buying them from the U.S. investment firm, two ...
Cautious Carriers Often Pursue Innovation Warily: A.M. Best
Insurers are reluctant pursuers of innovation, cautious about disruption that new technology and systems can cause, even as they see the need for such changes. A new A.M. Best survey found that most ...