Markets
As Hurricane Florence Approaches, Cat Bond Traders Are Trying to Understand Storm’s Risk
Catastrophe-bond investors are trying to assess the potential fallout from Hurricane Florence and whether they're in store for painful losses. If the storm's path of destruction -- which is aimed at ...
Insurers Brace for Significant Hurricane Florence Catastrophe Losses
U.S. insurers are bracing for what could be $20 billion in losses as Hurricane Florence barrels toward the Carolinas and Virginia, bringing punishing rains and potentially deadly flooding. Hurricane ...
The Hanover Will Sell Its International Specialty Business to China Re for $950M
The Hanover Insurance Group Inc. has agreed to sell its Chaucer international specialty business to China Re Group for $950 million, representing a big change of course for the Massachusetts-based ...
The Latest Launches From MS Amlin/Envelop Risk and Verisk’s PCS
MS Amlin and Envelop Risk formed a new underwriting partnership focused on cyber reinsurance. Verisk's Property Claim Services beefed up its PCS Global Cyber service with coverage for cyber ...
Digital Carrier Next Insurance Starts Offering Commercial Auto Insurance Policy
Digital carrier startup Next Insurance is debuting its first commercial auto insurance policy. Small businesses can now purchase a commercial car insurance policy separately from Next, or at a ...
Safeco Will Take Over Donegal Mutual’s Personal Lines Biz in 7 States
Donegal Mutual Insurance Co. is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to ...
Monte Carlo Dispatch: Industry Blockchain Initiative B3i Irons Out Platform Kinks
The industry's Blockchain Insurance Industry Initiative (B3i) announced a year ago it had developed a reinsurance blockchain prototype for a property excess-of-loss (XOL) contract and asked the ...
Wells Fargo Plan to Repay Customers Pushed Into Unnecessary Auto Insurance Reportedly Rejected by Regulators
U.S. regulators have rejected Wells Fargo & Co's plan to repay customers who were pushed into unnecessary auto insurance, telling the bank it must do more to ensure it has found and compensated ...