Markets
UK Specialty MGA Nexus Buys an MGA and a Broker
UK specialty managing general agent Nexus Group lived up to its description as an "acquisitive insurance intermediary holding company," with the purchase this week of an MGA and an insurance broker. ...
American Family Insurance Will Pay $1 Billion for Ameriprise Auto & Home
Ameriprise Financial is selling its Ameriprise Auto & Home (AAH) division to a subsidiary of Madison, Wisconsin-based American Family Insurance Mutual Holding Co. (American Family Insurance), the ...
Nationwide Adds More Eligible Small Business Types to Commercial Insurance Platform
Nationwide said it has expanded 24-hour access to more types of small businesses for its Commercial Digital Direct online commercial insurance platform. Now, 30 different business types can access ...
The Latest Launches From Munich Re America and Beazley
Munich Re America now has a personal lines homesharing insurance product designed for folks who rent their homes out for a profit in the U.S. Beazley has added two new product lines to its broker ...
April Renewals Achieve Rate Hike Range From Flat to 25 Percent: Willis Re
While there were no signs of generalized rate hardening during the April 1, 2019 renewal season, reinsurers have adopted a "rational" rating approach, asking for price increases of up to 25 percent, ...
At Nearly $21M, AIG CEO Duperreault’s 2018 Paycheck Is Half the Previous Year’s
Insurer American International Group Inc said on Tuesday it paid Chief Executive Officer Brian Duperreault $20.9 million in 2018 while also outlining a series of reforms to its pay practices in the ...
Tokio Marine HCC Snatches Up NAS Insurance Services for Undisclosed Price
Tokio Marine HCC has acquired NAS Insurance Services, LLC, a specialty insurance underwriter focused on cyber and professional liability . Neither side is disclosing financial details. NAS is a ...
Rockefeller Foundation Plans to Wind Down Climate Resilience Push
The Rockefeller Foundation will end funding and dismiss the staff at its 100 Resilient Cities program, the largest privately funded climate-adaptation initiative in the U.S., the foundation announced ...