Specialty
2018: A Big Year for U.S. P/C Insurers’ Net Income Results
U.S. P/C insurers' net income soared in 2018, thanks in part to premium increases, higher net investment income and fewer catastrophe losses, A.M. Best concluded in a new report. Industry net income ...
EU Leaders Will Mull Pressing Britain for Long Brexit Delay
European Union leaders will consider pressing Britain to delay Brexit by at least a year to find a way through its domestic deadlock, the chair of next week's EU summit said on Thursday. "I will ...
AGCS Unveils Coverage for Auto Parts Manufacturers Slammed by a Product Recall
Allianz Global Corporate & Specialty has started offering coverage for auto parts manufacturers, enabling them to reduce expense risks related to a recall. Allianz's specialist corporate insurer ...
Hamilton CEO Albo Credits Strategy, Excellent Timing as Leading to New Acquisition Deal
Strategy plus some remarkably good timing helped lead to Hamilton Insurance Group's first acquisition deal under the leadership of CEO Pina Albo. On March 14, Hamilton announced it would acquire ...
Hamilton Will Buy Liberty Mutual’s Pembroke Managing Agency, Ironshore Europe DAC in ‘Transformative’ Deal
Hamilton Insurance Group announced it will acquire Liberty Mutual's Pembroke Managing Agency at Lloyd's and its Ironshore Europe DAC business – a move that will double its premium volume and size. ...
Marijuana Coverage Opportunities Growing for Carriers, Despite Ongoing Risks: A.M. Best
Marijuana is a growing opportunity for insurers across the United States as moves to legalize the drug have expanded across the country. But there are still a number of risks in play that could limit ...
RenRe Hopes to Close Tokio Millennium Re Acquisition ‘As Soon as Possible’
RenaissanceRe Holdings said it plans to close its $1.5 billion purchase of Tokio Millennium Re "as soon as possible," now that all of the necessary regulatory approvals are in place. In October, ...
Executives On The Move at Zurich, Sompo International and Hiscox USA
Zurich Canada has a new head of property. A veteran of AIG's Lexington Insurance Company joined Sompo International Holdings Ltd. as a senior vice president. Hiscox appointed a new head of Product ...