Industry News
Applied Underwriters Unveils Specialist MGA Unit, Led by Ex-SiriusPoint CEO Malloy
Applied Underwriters has launched a new holding company called "United Risk," which brings together the company's MGA and MGU businesses under a single brand. Former SiriusPoint executive Dan Malloy ...
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.
Biz Leaders Say Economic Downturn Outranks Climate, Tech as Top Worry
Economic and societal threats—such as an economic downturn, inflation, and an erosion of social cohesion—rank among the biggest risks to doing business in G20 countries over the next two years, ...
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 ...