Liberty Mutual Records $219M Q3 Net Income
Liberty Mutual Holding Co. reported third-quarter net income of $219 million, reversing a loss of $353 million a year ago during the same time.
Industry News
Judge Says Hair Relaxer Claims Against L’Oreal, Revlon Can Proceed
A federal judge on Monday allowed the majority of claims to move forward in sprawling litigation that claims chemical hair relaxer products made by L'Oreal USA, Revlon and ...
AM Best Outlook of U.S. E&S Market Revised to ‘Positive’
Insurance industry rating agency AM Best has upped its view of the excess and surplus market as it continues to absorb business from the admitted market. AM Best changed its U.S. E&S outlook from ...
Dash Cams in Fleet Vehicles Key to Avoiding Nuclear Verdicts, Risk Managers Say
Cameras. One showing the driver and another facing forward.
Those can be the keys to avoiding nuclear verdicts after auto and truck ...
Cyber ‘Catastrophe Bonds’ Move Step Closer to Hitting Public Debt Markets
Cyber catastrophe bonds may be about to move out of the shadows of private deal-making and into the public debt markets.
So-called cat ...
Tech Bytes: New Partnerships at Allianz Partners, Verisk, Hourly
Allianz Partners and bolttech announced a partnership to provide embedded device and appliance protection insurance across Asia Pacific and the U.S. The strategic cooperation agreement aims to bring ...
CoverForce Announces Product Suite Following Last Year’s $5M Seed Round
CoverForce, an independent insurance platform bringing comparisons and one-click buying to commercial insurance, unveiled its suite of products made for agency networks, wholesalers, and software ...
Greenlight Re Names TransRe’s Richardson as CEO to Succeed Burton
Greenlight Capital Re Ltd., the Cayman Islands-based multiline property/casualty insurer and reinsurer, announced that Simon Burton, the company's chief executive ...
Update: James River to Exit Reinsurance, Agreeing to Sell JRG Re to Fleming for $277M
James River Group Holdings Ltd. announced it has entered into a definitive agreement to sell JRG Reinsurance Co. Ltd., its casualty reinsurance business, to Fleming ...