Personal Lines
Natural Catastrophe Damages Reached $210B in 2020: Munich Re
Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires, a top insurer said on Thursday. The damage, ...
In-Person Again? Some P/C Groups Are Planning Gatherings, With an Asterisk
Some of the property/casualty insurance industry's major industry groups are actively planning for face-to-face meetings again in 2021. Don't worry, virtual events are also part of the game plan. To ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
Executives On The Move at AXA XL, Markel and Buckle
An AIG veteran has joined AXA XL as an executive based in New York. Markel Corp. hired a new executive focused on diversity and inclusion. Buckle hired a former Farmers and USAA executive to its ...
AIG, Marsh, Travelers CEOs Among Corporate Leaders Urging Quick Biden Election Certification
Several leaders of the insurance industry joined nearly 200 New York corporate executives in a letter urging members of Congress to certify the election of Joe Biden as President without delay this ...
Generali Will Pay $203M for AXA’s Greek Operations
Assicurazioni Generali SpA agreed to buy the Greek operations of French insurer AXA SA as part of its plans to expand in European non-life and health businesses. The Italian company will pay 165 ...UK Insurer Admiral Group Will Unload Price Comparison Unit in $685M Deal
UK home and car insurer Admiral Group Plc agreed to sell its price-comparison unit to the owner of property portal Zoopla in a transaction valued at 508 million pounds ($685 million). Admiral will ...
Executive Viewpoint: 2021 Will Bring Bolder Bets on InsurTech Innovation
Change came in many forms this year, as a global pandemic and numerous catastrophes sent shockwaves through the world and insurance community, leaving us all with a new perspective. Across the board, ...
2020 InsurTech VC Financings: Only A Handful Reached $100M or More
Carrier Management covered more than 30 property/casualty-specific InsurTech venture capital financings in 2020. The rough total of those combined investments surpasses approximately $1.7 billion. ...