Markets
FEMA Chief Calls for a Natural Disaster Preparation Focus on Insurance and ‘Resilience’
Federal Emergency Management Agency Administrator Brock Long angrily criticized the failure of citizens to heed evacuation warnings and leaders to better prepare for natural disasters such as ...
Cincinnati Financial Will Pay $134M for London Specialty Underwriter Owned by Munich Re
Cincinnati Financial Corp. has agreed to acquire MSP Underwriting Limited, a London-based global specialty underwriter and Munich Re subsidiary, in a bid to diversify its earnings and expand its ...
American Financial Group Boosts Specialty Casualty Cover With $28M ABA Insurance Services Acquisition
American Financial Group has agreed to acquire ABA Insurance Services from American Bankers Mutual Insurance Ltd. in a $28 million cash deal. Based in Shaker Heights, Ohio, ABAIS is a provider of ...
Executives On The Move at Capital Insurance Group and Willis Towers Watson
Capital Insurance Group named a new vice president of Claims. Willis Towers Watson appointed a new head of Construction Broking in its Corporate Risk and Broking segment. *** Capital Insurance Group ...
Act 2 of the InsurTech Revolution Is on Its Way
The digital revolution in insurance is about to begin its second act. Having in its first phase used science and technology to inspire a rethinking of insurance that is making insurance easier and ...
Damage From Hurricane Michael Could Reach $4.5B in Florida Alone: Standard & Poor’s
Hurricane Michael is expected to inflict up to $4.5 billion in insured losses on coastal and inland Florida, according to a report from Standard & Poor's. But while the hurricane will be costly ...
Runoff Firm Catalina Raises $700M; RenRe, Apollo Become Shareholders
Catalina Holdings (Bermuda) Ltd., a legacy runoff property and casualty re/insurance specialist, announced it has raised $700 million in equity capital and concluded its shareholder restructuring ...
AIG CEO Duperreault’s Validus Acquisition Could Heighten Carrier’s Storm Loss Exposures
American International Group Inc.'s Brian Duperreault spent his first year as chief executive officer on a rebuilding effort, and his biggest acquisition is the one that can magnify the insurance ...