Markets
Hamilton Will Buy Liberty Mutual’s Pembroke Managing Agency, Ironshore Europe DAC in ‘Transformative’ Deal
Hamilton Insurance Group announced it will acquire Liberty Mutual's Pembroke Managing Agency at Lloyd's and its Ironshore Europe DAC business – a move that will double its premium volume and size. ...
Marijuana Coverage Opportunities Growing for Carriers, Despite Ongoing Risks: A.M. Best
Marijuana is a growing opportunity for insurers across the United States as moves to legalize the drug have expanded across the country. But there are still a number of risks in play that could limit ...
RenRe Hopes to Close Tokio Millennium Re Acquisition ‘As Soon as Possible’
RenaissanceRe Holdings said it plans to close its $1.5 billion purchase of Tokio Millennium Re "as soon as possible," now that all of the necessary regulatory approvals are in place. In October, ...
Executives On The Move at Zurich, Sompo International and Hiscox USA
Zurich Canada has a new head of property. A veteran of AIG's Lexington Insurance Company joined Sompo International Holdings Ltd. as a senior vice president. Hiscox appointed a new head of Product ...
The Latest Launches From Aon and Swiss Re
Aon is partnering with an InsurTech to help insurers evaluate their portfolio risks by way of a wildfire risk model using artificial intelligence. Swiss Re has launched new parametric insurance cover ...
Crop Insurance Subsidies in Jeopardy Under Trump’s 2020 Budget
President Donald Trump's "I LOVE YOU!" tweet to farmers is facing another challenge: Budget cuts that will slash subsidies for crop insurance and small growers. Trump's 2020 budget, released Monday, ...
Crash Concerns Leave Airlines Rethinking $55B in Boeing Orders
The Boeing Co. 737 Max crash in Ethiopia looks increasingly likely to hit the planemaker's order book as mounting safety concerns prompt airlines to reconsider purchases worth about $55 billion. ...
Wells Fargo CEO Insists Scandals, Risk Management Woes in Past; Regulator Disagrees
Democratic and Republican lawmakers on Tuesday pressed Wells Fargo & Co Chief Executive Tim Sloan for proof the bank has put a string of consumer abuse scandals behind it at a tense congressional ...