Industry News
Tech Bytes: New Partnerships at Pepper, Reask, Blink Parametric
Pepper, a U.S.-based consumer Internet of Things platform as a service, announced the availability of cyber insurance through a partnership with Embedded Insurance. By leveraging Pepper's technology, ...
P/C Market Won’t See Underwriting Profit Until ’24; Outsized Growth Expected
After four years of unparalleled underwriting profitability ending in 2021, the P/C market is headed for a second straight year of underwriting losses, according to the newly released S&P Global ...
Workers Comp and Mental Health: Panel Examines Why Worker Well-Being Matters
American workers are struggling. Employee stress has reached record highs. Symptoms and formal diagnoses of mental illnesses like anxiety, depression and PTSD are rising. Substance abuse disorders ...
Will S&P Change ‘Negative’ Reinsurance Outlook to ‘Stable’ in ’23?
While no one directly asked the question of this article's headline at the S&P Global Ratings June annual insurance conference, the prospect that an outlook change is near came into view during ...
Insurers Sue Energy Corp. to Recoup Colorado Wildfire Claims Payments
Dozens of insurance companies are suing Minneapolis-based Xcel Energy to recoup money paid out to homes and businesses lost in Colorado`s most destructive wildfire in 2021. The lawsuit was filed ...
Executives on the Move at AXIS Capital, Canopius, Obsidian
AXIS Capital Holdings Limited named Lauren Kent president of AXIS Re International.
She will report directly to Ann Haugh, CEO of AXIS ...
Property Insurers’ Ratings Under Pressure as Risk Rises
The credit ratings of global property insurers are coming under pressure as rising reinsurance costs force them to cut back on cover and retain more risks themselves, DBRS Morningstar analysts said ...
AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources
One of the world's top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to ...
Farmers Insurance Further Reducing Florida Business
One month after it announced it would stop writing new homeowner policies in Florida, Farmers Insurance now says it plans to cut back further on its presence in the ...