Industry News
U.S. P/C Small Business Insurance Market Ripe for Consolidation: Conning
If heavy competition breeds consolidation, then property/casualty small business insurance is ripe for it in the coming years. Here's why: Both large and small insurers devote lots of attention to ...
AssureStart Expands Online Small Business Sales to Six More States
Online small business insurance provider AssureStart announced last week that it is now open for business in six additional states: Alabama, Georgia, Idaho, Maine, Nebraska and North Carolina. ...
Air Bag Accident Victims Unable to Access Details of Other Settlements
Confidential settlements over defective Takata Corp. air bags are sealing off relevant information that other victims could use to pursue injury claims. The accords make financial sense for the ...
HSBC Will Reimburse Turkey Customers Hurt by Cyber Attack
HSBC Holdings Plc's Turkish unit said it will reimburse customers if a cyber-attack that caused the leak of 2.7 million people's data leads to fraud. While the information "isn't sensitive enough to ...
NAIC Working Group Recommends Bermuda as Qualified Jurisdiction
A working group of the National Association of Insurance Commissioners (NAIC) has recommended the Bermuda Monetary Authority (BMA) for approval as a "qualified jurisdiction" under the NAIC's ...
Aquiline Grabs Piece of Reinsurance Intermediary Beach & Associates
Beach & Associates, an independent specialty reinsurance intermediary, has a new majority investor: Aquiline Capital Partners. The New York-based private equity firm disclosed it snatched up a ...
New York’s Utica Mutual Names Creedon as Next CEO
Utica Mutual Insurance Company in New Hartford, New York, announced that at a meeting of the board of directors on Nov. 6, the board approved the nomination of Richard Creedon as the next chief ...
PCI Recap: QBE NA CEO Sets Record Straight on Middle-Market Biz
The middle-market segment is a valuable component of the business of QBE North America, the chief executive officer said during a recent interview, putting to rest rumors that the segment is up for ...