Markets
AXA IPO Costs, Natural Disasters Ding 2018 Net Profit
Net profits at AXA, Europe's second biggest insurer, fell sharply as a result of charges related to its U.S. unit's initial public offering (IPO) and a spate of natural disasters, although AXA hoped ...
Insurers Remain Wary of Exchange-Traded Funds, Despite Rule Change
Many insurance companies are steering clear of exchange-traded funds even after a high profile rule change designed to make them easier to own. Almost 40 percent of insurers aren't using ETFs more ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
How Migration Patterns and Millennials Will Impact Carriers in 2019
Looking back, 2018 will be seen as a turning point for the housing industry. Last year, we saw continued growth in remodeling and maintenance activity amid growing affordability challenges. ...
Small and Midsize Businesses at Higher Risk of Cyber Attack, Chubb Warns
Small and midsize businesses are much more likely to experience cyber attacks than large companies. In fact, 62 percent of all cyber crime targets are small and midsize businesses. It costs, on ...
MGA Coalition Announces Cover For Violations of GDPR Data Privacy Regs
Coalition, the San Francisco-based managing general agency that specializes in cyber insurance for small and midsized businesses, announced it is broadening coverage to include exposures to ...
Daydreaming and Driving Are a Deadly Combination: Erie Insurance
Daydreaming while driving can be deadly—especially on a Saturday in September or May, according to a review of police data by Erie Insurance. At the other end of the spectrum, Tuesdays and ...
Lloyd’s Insuring Digital Assets Held With Crypto Startup for $100M
BitGo, a provider of digital asset financial services, announced Tuesday that Lloyd's will cover custodial assets held in offline storage accounts for up to $100 million. The $100 million covers ...
Auto-Owners Insurance Agrees to Acquire Capital Insurance Group in California
Auto-Owners Insurance has entered into a definitive agreement to acquire Monterey, Calif.-based Capital Insurance Group. Terms of the deal were not disclosed. Auto-Owners Insurance Group, ...