Industry News
Q3 Combined Ratio for U.S. P/C Industry Highest in 5 Years
The U.S. property/casualty industry posted a combined ratio of about 106.6 in the third quarter — the highest in five years, according to an analysis by S&P Global Market Intelligence. In ...
Calif. Supreme: Unclear Policy May Require Insurer to Defend Yahoo From Privacy Lawsuits
A liability insurer may have a duty to defend Yahoo Inc. from class-action lawsuits that alleged it violated the Telephone Consumer Protection Act by sending its customers unwanted text messages, the ...
Liberty Mutual Explores $1 Billion Sale of Europe Businesses
Liberty Mutual Holding Co. is exploring the sale of its businesses in Spain, Portugal and Ireland, according to people familiar with the matter, joining other American insurers retreating from the ...
Property-Cat Reinsurance Rates Likely to Rise by More Than 10% in January Renewals
Reinsurance rates for property-catastrophe business should increase by well over 10 percent when contracts are renewed in January 2023, according to a commentary from Fitch Ratings. Fitch said the ...
Executives on the Move at Hamilton, Marsh, Amwins
Hamilton Insurance Group Ltd. announced the appointment of Alex Baker as group chief risk officer, effective Jan. 1, 2023, subject to regulatory approval. Baker will report to group CEO Pina Albo and ...
ESG Will Increasingly Influence Insurers’ Strategies: Fitch Ratings
Environmental, social and governance issues will grow in their influence in insurance industry decision-making as they become more important to stakeholders, according to a report from Fitch ...
Zurich Insurance Plc Plans to Redomicile From Ireland to Germany in Post-Brexit Move
Zurich Insurance Plc (ZIP), the Dublin-based, wholly owned subsidiary of Zurich Insurance Group, plans to relocate to Germany as a result of the UK's exit from the European Union. Since the Irish ...
The Latest Launches From SageSure, Falcon Risk Services, CerebrumX Lab
SageSure, a provider of catastrophe-exposed property insurance, and Goosehead, an independent personal lines insurance agency, announced the launch of a new reciprocal exchange, Elevate, to protect ...