Industry News
First-Half U.S. P/C Underwriting Loss Just $2B Shy of Full-Year Loss for ’22
The net underwriting loss total for the U.S. property/casualty industry, $24.5 billion, is $2 billion less than total losses recorded for all of 2022, according to a new AM Best report. Catastrophe ...
Wait ‘Til 2025: The Hartford Won’t See Auto Profit Next Year
Even after putting through 20 percent rate hikes over the course of this year, The Hartford needs another round of similar magnitude next year, the insurance company's leader said recently. The ...
After Countrywide Pause, InsurTech Hippo Slowly Reemerging Next Week
A profitability problem that would have otherwise taken InsurTech Hippo half a year to correct is on the mend after just 30 days, the chief executive officer said at an investor conference Thursday. ...
Global Fears Are Feeding Demand for Lloyd’s of London Insurance, CEO Says
Growing fears about the state of the world are pushing more people to take out insurance even as prices rise, Lloyd's of London Chief Executive Officer John Neal said. Rising inflation, recession ...
Hamilton Submits Confidential Draft Registration Statement for Proposed IPO
Today, Hamilton Insurance Group Ltd. announced that it has submitted, on a confidential basis, a draft registration statement on Form S-1 with the U.S. Securities and ...
New Lloyd’s Lab InsurTech Cohort to Focus on Climate, Cyber and Sustainability in Asia Pacific
Lloyd's has announced the 12 teams that will join the 11th cohort of the Lloyd's Lab, the InsurTech accelerator hub for developing innovative insurance products in the ...
Reinsurers’ Performance Keeps Improving: Gallagher Re
Reinsurers reported "a robust increase" in their capital base, improved underwriting profits as well as higher returns on equity and investment income, according to a ...
Climate Change Means Californians Need Flood Insurance Now
Californians know wildfires and earthquakes; hurricanes, not so much. So, when Tropical Storm Hilary inundated Southern California in normally bone-dry August, it showed ...
Executives on the Move at AXA XL, Guy Carpenter, AIG
AXA XL has appointed Lucy Pilko as CEO for the Americas region of its insurance operations, effective Oct. 30, 2023.
She assumes the role ...