Industry News
Liberty Mutual’s Q3 Net Income Jumps Even as Catastrophe Losses Climb
Liberty Mutual Holding Company's net income more than doubled in the 2021 third quarter compared to the same period a year, driven by rate hikes, investment gains and improved risk selection even as ...
Arch Rebrands New Purchase Watford Re as Somers Re, Implements New Reinsurance Strategy
Arch Capital Group Ltd., alongside private equity partners Warburg Pincus and Kelso & Co., announced that Watford Holdings Ltd. and Watford Re Ltd. have been renamed Somers Group Holdings Ltd. ...
Finnish Insurer Sampo Beat Expectations With Big Profit Jump
Finnish insurer Sampo on Wednesday beat expectations with a 30% jump in quarterly core earnings, aided by a strong performance from its main subsidiary If and gains from selling a stake in Finnish ...
Insurers May Face Climate Stress Tests by 2023: EU Regulator
Insurers could face European climate stress tests as soon as 2023, the head of the EU's insurance regulator said at the Reuters Future of Insurance Europe conference on Thursday. The insurance ...
Argo Group Sees Progress After Rate Hikes, Reducing Property Catastrophe Exposure
Argo Group International Holdings made money during the 2021 third quarter versus a net loss the year before. Results stemmed, in part, from the Bermuda-based specialty insurer reducing its property ...
Lemonade Debuts Auto Insurance Cover, Initially in Illinois
Lemonade has formally entered the auto insurance markets, seven months after the New York-based digital insurer disclosed initial plans to do so. Illinois is the first market where customers can ...
Zurich North America Seeking Startup Applications for Third Annual Innovation Championship
Zurich North America is inviting InsurTech startups to apply for the third annual Zurich Innovation Championship. Registration via www.zurich.com/zicis open through Dec. 23, 2021. Zurich will select ...
Insurers Increasingly Relying on Non-Traditional Investment Assets to Increase Yield
Insurers are increasingly turning toward non-traditional assets to increase their yield, according to Clearwater Analytics' annual Insurance Investment Survey Report. "The search for yield amid low ...