Personal Lines
Executives On The Move at AmTrust and BHSI
AmTrust Financial Service's E&S unit launched its new excess casualty underwriting division and has hired a former Everest Reinsurance Division to lead it. An ex-RSA executive will lead Bershire ...
Munich Re, AAIS Partner to Develop Private Flood Insurance Incentives
Munich Re said it will work with an insurance industry non-profit to help close the flood insurance gap in the U.S. and creative potential incentives for a private market. The global reinsurer's ...
Carriers, California Utility Blast Rival Plan That Would Pay Fire Victims Before Insurers
PG&E Corp. and a group of insurers urged a judge to reject a competing reorganization plan for the bankrupt utility because the proposal would pay fire victims who lost their homes ahead of ...
Insurers, Pension Funds Pledge Climate Action at U.N. Summit
Insurers and pension funds managing $2.3 trillion pledged on Monday to shift their portfolios away from carbon-heavy industries in the hope of triggering snowballing climate commitments from other ...
Collapse of Thomas Cook Leads to Massive Tourist Airlift
The U.K. government deployed the "largest repatriation in peacetime history" to bring home more than 150,000 tourists stranded on overseas beaches and in vacation hotspots by the collapse of tour ...
New InsurTech Financings Focused on Agencies, Cyber and Analytics
Broker Buddha raised $4.5 million to help advance its agency operations technology that simplifies commercial insurance application and renewals. Kovrr, a Tel Aviv-based predictive cyber risk ...
Insurance and Other Securities Under Pressure Remain Private Equity Targets: Apollo Exec
Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away from the public markets. "Certainly, this is not a ...
Wildfire Victims in California Utility Bankruptcy Envision $24B Reorganization Plan
The committee for wildfire victims in the bankruptcy of PG&E Corp said in a court filing on Thursday it was prepared to present a $24 billion reorganization plan for the power provider. The ...