Specialty
European Insurers Are Having a Tough Time
European insurers are having a rough time. Already carrying the burden of low yields eroding their investment income, disappointing earnings as well as some companies' exposure to Asia are making ...
New Broker McGill & Partners Forms U.S. Subsidiary
The new London-based insurance broker, McGill & Partners, is forming a Delaware-based subsidiary and is obtaining U.S. licenses to operate, the company's founder Steve McGill has confirmed. When ...
Carriers Experienced Costliest Two-Year Period Ever for Cat Losses: Aon
Global insured losses stemming from major wildfires, tropical cyclones and severe thunderstorms reached $90 billion in 2018, close to 50 percent higher than the annual average between 2000 and 2017, ...
Puerto Rico, U.S. Virgin Islands, Florida Coast at Risk From Hurricane Dorian
Tropical Storm Dorian has been upgraded to a hurricane as it heads toward Puerto Rico with torrential rains. It's expected to gain strength and become the first major hurricane to hit Florida's east ...
Japan Pledges Enhanced Trade Insurance to Boost Private Sector Africa Investment
Japan will offer enhanced trade insurance to boost private sector investment in Africa, Prime Minister Shinzo Abe said on Wednesday as his country competes with rival China for influence in the ...
The Latest Launches From Root Insurance and Zurich North America
Root Insurance is testing a partner's video security and safety system tech as a way to streamline insurance claims. Zurich North America and Wright National Flood Insurance Services, LLC are ...
Tropical Storm Dorian Could Reach Hurricane Strength Before Reaching Puerto Rico
Tropical Storm Dorian is expected to strengthen, potentially approaching hurricane status by the time it gets to Puerto Rico Wednesday, but it won't pack the same punch as other storms in recent ...
Hamilton CEO Albo: Focus Is on Realizing Potential of Pembroke/Ironshore Europe DAC Acquisitions
A week after Hamilton Insurance Group closed its acquisition of Liberty Mutual's Pembroke Management Agency at Lloyd's and its Ironshore Europe DAC business, the Bermuda-based specialty insurer and ...