Personal Lines
Insurance Software Firm Majesco Will Be Acquired by Private Equity Outfit for $594M
Cloud insurance software firm Majesco said it has agreed to be acquired by Thoma Bravo, a private equity firm focused on the software and technology services sectors, in a transaction valuing the ...
Bonus Payments for Insurer CEOs Up 5 Percent in 2019: Study
Bonus payouts for insurance company chief executive officers continued to be above target and commensurate with good financial results and strong total shareholder return in 2019, according to a new ...
China Pledges More Insurance Protection, Lending Support for Flood-Hit Areas
China's banking and insurance regulator on Saturday announced measures to further increase credit and lending support and insurance protection for areas that suffered from recent floods. The China ...
U.S. Personal Lines Insurers Poised for 2020 Underwriting Profit Despite Pandemic: Fitch
It turns out that the coronavirus pandemic hasn't adversely affected U.S. personal lines insurance all that much. In the short term, the sector has continued to do well and is poised to produce ...
Allstate Could See $1.2B in Q2 Pretax Catastrophe Losses
Allstate Corporation could see pretax catastrophe losses as high as $1.19 billion for second-quarter 2020 ($937 after tax), the company announced yesterday. For the month of June, Allstate is ...
Executives On The Move at Assurant, Liberty Mutual and Guy Carpenter
Assurant made some new executive appointments as part of some organizational changes. Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, named a new head of Casualty in Germany. ...
Rather Than Gamble, ITC Shifts From Vegas to the Digital World
A surge in COVID-19 cases is forcing InsureTech Connect – one of the world's largest insurance technology conferences – to go fully digital for its annual fall gathering. ITC has scheduled ITC ...
Lemonade Now Offers Health Coverage for Cats and Dogs
Lemonade has expanded its offerings, launching a new pet health insurance product designed exclusively for cats and dogs. The New York-based InsurTech, which also offers homeowners and renters in the ...