Markets
Former Liberty Actuary Talks ‘Openly’ About Launching Upmarket HO Insurer
Keep an eye out for Openly, a new digitally-sophisticated upmarket homeowners insurer catering to independent agents. According to Ty Harris, founder and CEO, Openly will launch in early 2019 in a ...
A Different World for Underwriters: Profits Shift to Lines That Were Loss Leaders
For property/casualty underwriters, today's operating environment may seems like an insurance-themed episode of The Twilight Zone, with lines they counted on for profits turning into problems and ...
RMS Lists Top 10 ‘1-in-100-Year’ Events for Asia Pac Region
The Asia Pacific region remains highly vulnerable to major catastrophes, RMS said yesterday, announcing a list of 10 "1-in-100-year" events possible in the vast area that includes the Pacific Ring of ...
GM Hits Speed Bumps on $5B Road to Driverless Cars by 2019: Reuters
It's one of the biggest bets going in the world of cars. Since May, General Motors Co. and its Cruise self-driving car unit have landed $5 billion in investment commitments from Japan's SoftBank ...
New Owners But Still ‘Ed’: BGC Partners Buying UK Broker Ed
Ed, the London-based reinsurance, wholesale and specialty broker, announced that it would be acquired by a subsidiary of BGC Partners, Inc (BGC), a global brokerage and financial technology company. ...
More Tornadoes Spinning Eastward to Populated Areas, Worrying Scientists
Over the past few decades tornadoes have been shifting—decreasing in Oklahoma, Texas and Kansas but spinning up more in states along the Mississippi River and farther east, a new study shows. ...
Liberty Mutual’s Safeco to Take EMC’s Agency Personal Lines Biz
With an intention to focus on commercial, reinsurance and life insurance business going forward, EMC Insurance Companies announced an agreement with Safeco Insurance related to its existing personal ...
Catastrophes Give Insurers a Chance to Show Their Humanity, Says W.R. Berkley’s CEO
The aftermath of Hurricane Michael and other catastrophes this fall gives insurers a chance to show that they care about more than just numbers, W.R. Berkley's president and CEO said. "Hopefully this ...