Specialty
CNA Sees Big Q4 Gains as Market Hardens
CNA Financial Corp. benefited significantly from rate hikes and premium growth in Q4, reporting more than $387 million in net income versus $273 million the year before. Net income per share during ...
InsurTech Coterie Raises $11.5 million
Coterie pulled in $11.5 million in new venture funding it will use to fuel further expansion of its business, which is designed to integrate insurance purchasing into existing small businesses ...
Bermuda-Based Specialty Insurer Mosaic Debuts; Company Includes Lloyd’s Syndicate
Mosaic, a Bermuda-based global specialty insurer, has launched operations in Bermuda, London, the United States and Asia, along with a newly formed Lloyd's syndicate. Operating with initial ...
Irish Court Backs Four Irish Pubs Over COVID Lockdown Insurance Claims
Ireland's High Court ruled on Friday that four publicans insured by FBD were entitled to be indemnified for losses under lockdown-linked claims, in a test case that could have implications for over ...
Executives On The Move At AXA XL and AXIS Re
A former Munich Re executive joined AXA XL in a leadership role involving reinsurance sales in Latin America. Another ex-Munich Re executive signed on with AXIS Re as a Senior Underwriter for its ...
Commercial Insurance Price Hikes Climb 22% in Q4: Marsh
Global commercial insurance prices increased 22% in the fourth quarter of 2020, according to the Global Insurance Market Index released by insurance broker Marsh. The increase, the largest since the ...
Markel 2021 Combined Ratio Target Of 90 Attainable, Execs Say
After reporting a combined ratio of 89 for the final quarter of 2020, Markel Corporation's co-chief executive officers believe a goal of a 90 combined for full-year 2021 is well within reach. "I feel ...
InsurTech MGA LeaseLock Raises $52M; Liberty Mutual, American Family Among Investors
LeaseLock has raised $52 million in new venture funding from a roster of investors including Liberty Mutual and American Family Insurance. The California-based InsurTech and MGA provides nationwide ...