Markets
Arch Rebrands New Purchase Watford Re as Somers Re, Implements New Reinsurance Strategy
Arch Capital Group Ltd., alongside private equity partners Warburg Pincus and Kelso & Co., announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group Holdings Ltd. ...
Finnish Insurer Sampo Beat Expectations With Big Profit Jump
Finnish insurer Sampo on Wednesday beat expectations with a 30% jump in quarterly core earnings, aided by a strong performance from its main subsidiary If and gains from selling a stake in Finnish ...
Insurers May Face Climate Stress Tests by 2023: EU Regulator
Insurers could face European climate stress tests as soon as 2023, the head of the EU's insurance regulator said at the Reuters Future of Insurance Europe conference on Thursday. The insurance ...
Argo Group Sees Progress After Rate Hikes, Reducing Property Catastrophe Exposure
Argo Group International Holdings made money during the 2021 third quarter versus a net loss the year before. Results stemmed, in part, from the Bermuda-based specialty insurer reducing its property ...
InsurTech Startup Using Machine Learning for Claims Monitoring Raises $30M
InsurTech startup owl.co Labs, Inc. raised $30 million in new venture capital. Many plans are in play to spend the cash infusion, including hiring, and accelerated growth plans for the company's ...
Executives On The Move at Liberty Mutual, At-Bay and Vantage Group Holdings
Liberty Mutual appointed one of its veteran executives to lead the E&S Primary Casualty business of its Ironshore unit. At-Bay hired an Argo Group and AXIS veteran executive as its new National ...
Insurers, Banks, Investors Worth a Combined $130 Trillion Pledge to Prioritize Limiting Climate Change
Banks, insurers and investors with around $130 trillion or 40% of the world's capital at their disposal pledged on Wednesday to put limiting climate change at the center of their work. An ...
Drugmakers Achieve First Win in Opioid Litigation With California Judge’s Ruling
A California judge on Monday said he would rule against several large counties that accused four drugmakers of fueling the U.S. opioid epidemic, saying they failed during a trial to prove their $50 ...