Markets
Travelers Starts Using AI for Ergonomic Assessments
The Travelers Companies said it has started using artificial intelligence to offer business customers virtual and onsite ergonomic assessments. Travelers, which is based in Hartford, Conn., claims to ...
Catastrophe Losses Driven Higher by Secondary Perils – And Climate Change
Secondary perils, exacerbated by climate change, are driving catastrophe insurance losses, warn a growing chorus of reinsurers and brokers. Indeed, broker Aon reveals that more than 60% of 2020's ...
Independent Brokers Will Remain Competitive by Adding Value to the Insurance Transaction
The COVID-19 crisis has highlighted the need for brokers to add value to the insurance transaction, according to Toby Esser, chairman of AFL Insurance Brokers, a London-based independent broker. ...
MetLife Looking to Sell P/C Auto and Home Biz: KBW
MetLife is pursuing a sale of its property/casualty auto and home insurance business, according to a report by analysts following the company Keefe, Bruyette & Woods (KBW) analysts, Ryan Krueger ...
Next Insurance Pursues New Financing Valuing the Startup at $2.25B
Next Insurance is in talks to raise new capital in a round that values the insurance technology startup at about $2.25 billion, according to people familiar with the matter. Alphabet Inc.'s CapitalG ...
Why Product Diversification Into E&S/Specialty Matters: A Q2 Top-Line Analysis
Looking at the second-quarter earnings reports of leading insurers, the argument for product diversification has never been stronger. Results are in from this COVID-impacted quarter, and they ...
U.S. Auto Combined Ratios Will See Sharp Improvement in 2020: Report
In a report, S&P Global Market Intelligence is projecting that U.S. personal and commercial auto insurers will see a sharp improvement in their full-year combined ratios for 2020, followed by ...
Beazley Revamps U.S. Executive Risk Leadership Team
Beazley has restructured its Executive Risk leadership team in the United States. The goal, according to the company: To support greater knowledge sharing and collaboration among the team's global ...