Industry News
AM Best Assigns Positive Segment Outlook to MGAs, Other DUAEs
Technology, talent and diverse sources of capital continue driving growth for managing general agencies and other delegated underwriting authority enterprises globally, according to AM Best, which ...
Global P/C Insurance Outlook Now Negative: Moody’s
High claims inflation and rising reinsurance costs are among the factors that prompted analysts at Moody's Investors Service to change their outlook for the global property/casualty sector from ...
Tech Bytes: New Partnerships at ZestyAI, Beazley, Corvus
ZestyAI, a provider of climate and property risk analytics services powered by artificial intelligence, partnered with CSAA Insurance Group for wildfire risk assessment. To help gauge property-level ...
Executives on the Move at The Hanover, Allstate, Sompo International, CAC Specialty
The Hanover Insurance Group has appointed Eric M. Schuler as president of management and executive liability, effective immediately. In this role, he will assume responsibility for the strategy and ...
Risk Managers Want More Involvement in Organizational ESG Strategy: WTW Survey
More than half of risk managers are significantly involved in their organization's environmental, social and governance (ESG) efforts, but 77 percent believe they should take an active or more active ...
Pa. Court Splits on Whether Coverage Owed for COVID Shutdown
A Pennsylvania appellate court ruled Wednesday that a dental practice was entitled to coverage for income lost because of the state's COVID-19 shutdown but a tavern was not. Policy language made all ...
Falling Short: Insurers Not Realizing Operations Modernization Plans
Modernizing insurance operations is top priority for nearly 90 percent of carriers recently surveyed but less than half have a fully developed strategy in place to make it happen. The survey of 298 ...
MGA Pixel Re Launched for Global Property, Energy Risks of $500M and Above
Connect Underwriting Ltd., a London-based specialist reinsurance managing general agent, announced the availability of new capacity via Pixel Re, a new dedicated, monoline reinsurance vehicle for ...