Industry News
Study: MGA Market Still Growing
A hard market combined with underwriting capacity from fronting companies allowed for robust growth in the MGA market in 2023, according to a new Conning strategic study. The global investment ...
Aviva Completes Probitas Acquisition; Re-Enters Lloyd’s
UK insurer Aviva announced it has completed the acquisition of Probitas Holdings (Bermuda) Ltd., which marks the company's return to the Lloyd's market after a hiatus of more than 20 years. The deal ...
KCC: U.S. Damage from Hurricane Beryl Could Cost Insurers $2.7B
Insurers in the United States may take a hit of about $2.7 billion from damage caused by Hurricane Beryl, catastrophe modeling company Karen Clark & Co (KCC) said on Thursday. About 1.5 million ...
More Executives on the Move at Chubb
Chubb on Wednesday announced several more promotions within its North America insurance operations, with Ana Robic and Ben Rockwell getting appointed senior vice ...
Chubb Shakes Up North American Insurance Leadership
Chubb said it has made several executive leadership changes in its North American general insurance business, with John Lupica becoming executive chairman.
Eron Evans died in 2016 at 41 of ovarian cancer, leaving behind two daughters. Her grieving mother, Darlene, blames Johnson & Johnson's Baby Powder – and she's pursuing a ...
Survey: AI Set to Save Professionals Up to 12 Hours a Week by 2029
Results from a new survey predicts AI will free up to 12 hours per week within the next five years, with four hours per week saved in the next year alone. This, according to global content and ...
The Battle Over J&J’s Bankruptcy Plan to End Talc Lawsuits
Analysis Shows $7.7B in Losses From Extreme Heat Events in California
The cumulative cost of the seven heat events in California in the past decade amounted to $7.7 billion in losses, a new report shows. The analysis from California Insurance Commissioner Ricardo ...
Reinsurers’ Appetite Grows During Mid-Year Renewals but Discipline Remains: Brokers
Reinsurance buyers generally saw positive outcomes during the mid-year renewals, finding adequate capacity to meet cedents' increasing demand for protection -- in both property and casualty, ...