Markets
China’s Fosun Group Turns to Local M&A; $3B in New Bonds Reportedly Planned
Fosun Group is planning to raise as much as 21 billion yuan ($3.2 billion) selling local bonds as the Chinese insurance-to-pharmaceutical conglomerate refinances debt and increases its investments ...
Utica National Joins Billion-Dollar Direct Written Premium Club for First Time
Utica National Insurance Group has announced that it has become a billion-dollar company for the first time in its nearly 104-year history. The company surpassed $1 billion in direct written premiums ...
Watsa’s Fairfax Financial Closes $1.6B Sale of Singapore Insurer to Mitsui Sumitomo
Fairfax Financial Holdings said it has successfully sold off a Singapore insurer it owned to Japan's Mitsui Sumitomo Insurance Company for $1.6 billion. The deal between the Toronto, Canada-based P/C ...
Carrier Management’s Top 10 News Stories of 2017
Carrier Management's top 10 2017 news stories involved some interesting industry developments. AmTrust had some accounting issues, since resolved, that drew significant reader interest. Former AIG ...
A Look Back at Carrier Management’s Top Features of 2017
For Carrier Management's most popular features of 2017, one thing is clear: Our readers, confronted with major technological changes in the property/casualty industry, are trying to figure out what ...
Amtrak Crash Leads to Questioning of Trump’s U.S. Rail Safety Plan
As investigators sift through the wreckage of this week's Amtrak train crash in Washington state, critics have begun questioning President Donald Trump's recent efforts to roll back or delay ...
Executives On The Move at Travelers and Ironshore
Travelers' European arm named a new head of its wholly owned platform in the Lloyd's insurance market. A former Liberty Mutual executive is Ironshore Inc.'s new Branch Executive for the Dallas ...
The Institutes Completes Blockchain Proof-of-Auto-Insurance Product; Nationwide to Test
The Institutes' work with insurers in the blockchain space has led to a debut product – a tool designed to establish proof of auto insurance. Nationwide is the first carrier to bring it to ...