Industry News
Greenlight Re Innovations Gets Approval to Launch Lloyd’s Syndicate
Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received "in-principle" approval from Lloyd's to establish an InsurTech-focused syndicate. ...
Triple-I Partners With HBCU IMPACT to Recruit Black Talent Into Industry
The Insurance Information Institute (Triple-I) and the HBCU IMPACT Initiative have partnered for a career-building campaign aimed at recruiting students at historically Black colleges and ...
Predictive Analytics, AI Are Helping Insurers Fight Fraud
Insurers are getting a larger share of suspicious claim referrals from fraud-detection technology and are increasingly using artificial intelligence to sift through data, according to a new study by ...
Risk Alerts: E-Bike Batteries, Underground Coal Fires, Tesla Hack
In early January, an e-bike's battery burst into flames while charging in a Bronx restaurant, starting a four-alarm fire that drew more than 150 first responders and left one firefighter seriously ...
Great American Announces Leadership Succession Plans
Great American Insurance Group announced that David L. Thompson Jr. has been named president and chief operating officer of Great American's Property & Casualty Group, effective Feb. 1, 2022. ...
The Bottom Line: The Early Read on 2021 P/C Earnings
For publicly traded commercial insurers and reinsurers that reported 2021 earnings in January 2022, net income soared nearly 40 percent, with double-digit premium growth and higher levels of ...
RenRe: Absorbing Over $1B in Weather Cats
Early last year, the leader of RenaissanceRe predicted that his company would put $1 billion more net written premium on the books in 2021 than it did in 2020. RenRe's President and CEO Kevin ...
AXIS Capital 2021: A Year of Repositioning
The word of the hour was "repositioning" during the earnings conference call for AXIS Capital last week, with the company reporting its bottom line in the black in 2021, following a net loss in 2020. ...