Industry News
Fairfax-Backed Digit Insurance Targets $5B in India IPO Valuation: Sources
India's Digit Insurance, backed by Canadian billionaire Prem Watsa's Fairfax Group, is considering raising about $500 million in an initial public offering at a valuation of $4.5 billion to $5 ...
Verisk Promotes Shavel to CEO, Anquillare to President
Verisk said it appointed Lee M. Shavel to CEO and Mark V. Anquillare to president following the company's annual shareholder meeting. Shavel was also elected to the Verisk Board of Directors. Three ...
The Latest Launches From Clearcover, Beazley, Armis
Clearcover Insurance Company, a next generation car insurance carrier, announced the launch of Car Care, a product that provides additional value through a "digital garage" that includes benefits ...
Executives on the Move at Chubb, Everest Re and Guy Carpenter
Chubb Limited has appointed John Thompson as vice president, Chubb Group and division president of International Personal Lines, effective June 1. In his new role, he will be responsible for leading ...
Forecasters Predict 7th Straight Above-Normal Hurricane Season
The Atlantic hurricane season is poised to deliver another round of above-normal storms for the seventh consecutive year, the National Oceanic and Atmospheric Administration (NOAA) said on Tuesday. ...
Younger Workers More Likely to Leave Employers to Retain Flexibility
Most business owners expect employees to be back working in person full time a year from now, but employees want to retain flexibility with where and when they work. According to Nationwide's most ...
Memo to Brokers: Stick With Loyal Insurers/MGAs; Price Isn’t the Only Differentiator
Instead of oscillating between extreme hard and soft markets, the insurance industry needs to promote a more sustainable business model that will help control the insurance cycle, according to an ...
J.D. Power Survey Finds Auto Insurance Customer Satisfaction Has Eroded
J.D. Power found in a recent survey that auto insurance customer satisfaction with price has plummeted, driving a surge in policy shopping activity while dragging on the purchase experience index. "A ...