Specialty
Despite a Smaller Premium Base, WC Profitability Still Beats Other P/C Lines
Workers compensation may have a smaller premium base, but it remains highly profitable compared to other policy lines, AM Best concludes in a new report. The line produced more than $44.3 billion in ...
Pandemic Pressure: Clients Want Insurance Agents to Find New Ways to Protect Assets
Insurance agents are facing increased pressure from their clients to find new and broader ways to protect their assets through the ongoing pandemic, a Nationwide survey concludes. Clients want agents ...
WC InsurTech Omaha National Group Raises $45M; Business Model Transition Underway
The InsurTech Omaha National Group, a provider of workers compensation insurance and payroll services, is transitioning to being a direct insurance writer in the space. A new $45 million venture cash ...
Climate Change Returns as a Top Insurance Industry Concern
Climate change has returned to the top of the list of insurers' biggest concerns as the vaccine roll-out and gradual lifting of health restrictions see pandemic fears ease in many countries. Global ...
Allianz Reportedly Explores Transferring Block of Swiss Life Insurance Assets as Probe Begins
Allianz SE is in advanced talks to transfer a block of Swiss life insurance assets to Resolution Life, people with knowledge of the matter said, a move that could free up regulatory capital as ...
United Nations Development Arm Starts Disaster Insurance Program
The United Nations Development Programme has launched an initiative to help governments and the private sector in developing countries provide insurance for crises such as pandemics and natural ...
Corvus Hires AIG, InsurTech Vet Tadikonda as Its First President
A veteran AIG executive and entrepreneur is joining Corvus Insurance as its first president. Madhu Tadikonda has more than a decade of insurance and InsurTech industry experience, noted Corvus, an ...
Cyber Insurer Coalition Raises $205M; Push Into Public Markets Among Future Plans
Coalition, a San Francisco-based cyber insurance and security company, has already been focused on rapid growth. Its new $205 million venture capital financing will help supercharge that strategy ...