Markets
Insurers May Slash Allocations for Hedge Fund Investments After Dismal Pandemic Performance
Having complained for years about hedge funds' high fees and lackluster performance, insurance firms may be preparing to cut allocations to the sector after its poor performance during recent market ...
Next Insurance Nails Down $250M Financing Round; $631M Pulled in to Date
Next Insurance secured another $250 million in financing designed to fuel continued national expansion of its digital small business insurance offerings. CapitalG, Alphabet/Google's independent ...
Between a Rock and a Hard Place: Insurers Struggle With Policy Rewrites
Commercial insurers are engaged in coverage language rewrites en masse this year, but "The Great Policy Rewrite" faces some serious obstacles, a coverage lawyer said recently. Even if carriers are ...
Executives On The Move at Beazley and PartnerRe
Specialist insurer Beazley has fleshed out its U.S. Executive Risk team with new hires in New York, Boston and San Francisco. PartnerRe Ltd. appointed a new Head of Retrocession along with two new ...
The Latest Launches From West Point Insurance Services, Axon and AAIS
West Point Insurance Services debuted a testing and automation service designed for smaller insurance carriers, managing general agents and program administrators. Axon Underwriting Services added ...
P/C Mutual Insurers Improved Results in 2019 Despite Heavy Competition
Despite a highly competitive property/casualty insurance industry and pressures on operating performance, U.S. mutual insurance companies reported continued improvement in underwriting performance in ...
Path Cleared for COVID-19 Business Interruption Suit in New Jersey
A second judge has ruled that a policyholder's COVID-19 business-interruption claim should proceed, marking an uncommon procedural win for business owners who have seen similar lawsuits dismissed by ...
Insurers, Banks Wait for Regulatory ‘Brexit’ Dividend in UK
Britain will adopt tough but less bureaucratic financial rules after Brexit, starting with simpler regulation of small banks, Bank of England Deputy Governor Sam Woods said on Tuesday. Britain will ...