Industry News
Florida Gets 8 New P/C Carriers After Insurance Market Reforms
Following legislative reforms designed to promote market stability, eight property and casualty insurers were approved to enter Florida's insurance market, according to Florida's Office of Insurance ...
Women Lost C-Suite Seats in Corporate America, S&P Says
Women's representation in senior-level positions at U.S. companies faces an "alarming turning point," with steady growth showing signs of fatigue for the first time in two decades, according to a new ...
Arch to Buy Allianz’s Mid-Market, Entertainment Insurance Units for $450M
Arch Capital Group's North American insurance unit said on Friday it would buy the U.S. midcorp and entertainment insurance businesses from Allianz Global Corporate and Specialty SE for $450 million ...
AXA, Amazon Team Up on Digital Commercial Risk Management Platform
AXA, a worldwide leader in insurance and asset management, and Amazon Web Services Inc. (AWS) announced they are partnering to jointly develop and build AXA Digital ...
A New Approach: Florida Agents Association Invests in Startup Insurer
The Florida Association of Insurance Agents, the largest agent group in the state, has invested in a startup insurance carrier, a move designed to help keep agents in the game and to bring more ...
Re Buyers’ Market Prevails So Far; Reinsurers Seeking Growth
In separate reports this week, brokers Aon and Gallagher Re described a buyers' reinsurance market for April 1, 2024 property and specialty renewals as reinsurer profit margins benefited from last ...
The Latest Launches from Aon, Driver Technologies, NEXT
Aon plc, a global professional services firm, announced the launch of Partner Risk Insights, a digital platform powered by CoverWallet, to help U.S. organizations simplify the way they manage ...
HSB, Coalition Unveil Cyber Insurance Innovations: Cyber Auto; Affirmative AI
In separate announcements late last month, Munich Re's HSB and Coalition unveiled two novel cyber insurance offerings. HSB aims to cover cyber insurance for autos, while Coalition announced an ...