Personal Lines
Lemonade Customer Base Now Surpasses 1.2M; Q2 Losses Land Above $55M
Lemonade's customer base continues to climb in the 2021 second quarter, with that number now surpassing 1.2 million. In contrast, the New York-based digital insurer reported nearly 814,200 customers ...AIG Celebrates Strong Q2 Gains Driven by Investment Income, Business Growth, Rate Hikes
American International Group generated a modest profit in the second quarter, citing gains from higher net investment income, far fewer catastrophe losses and strong rate hikes in its ...
Executives On The Move at Arturo and WCRI
American Family spinout Arturo appointed two new executives. The Workers Compensation Research Institute brought on a new executive to manage its research programs and accelerate the Institute's ...
London Struggles to Lure Back Financial Workers, Legal & General Warns
The head of one of the UK's largest insurers and investors warned that the City of London is struggling far more than the country's other office districts in luring workers back to their desks. Since ...
Liberty Mutual Rebounds From COVID-19 Challenges
Liberty Mutual's 2021 second quarter swung to a profit as the insurer rebounded from challenges it faced last year due to the coronavirus pandemic. The company reported $769 million in net income for ...
State Auto, Soon to Be Acquired by Liberty Mutual, Reports Q2 Decline in Net Income
State Auto Financial Corp., soon to be acquired by Liberty Mutual for $1 billion, saw a large Q2 decline in net income due to a dip in net investment gains and as well as natural catastrophe losses. ...
Updated: Moody’s to Pay $2B for Daily Mail’s RMS Cat Modeling Unit
The publisher of Britain's Daily Mail said on Thursday it had agreed to sell its insurance risk business RMS to Moody's Corporation for about 1.425 billion pounds ($1.99 billion) in cash. Chief ...
Zurich Insurance, Metromile Disclose Their Post-COVID Return-to-Office Plans
Zurich Insurance and Metromile are among a number of industry companies that have plotted post- COVID returns to the office. Like the others who have recently disclosed their plans, they are doing so ...