Industry News
U.S. Flood Insurance Market Slowly Transitioning to Private Carriers: AM Best
The country's flood insurance market is slowly transitioning toward private insurers providing additional options to the federal government's program for those seeking coverage, according to a new AM ...
Fearing Evergrande Effects, China’s Lenders, Insurers Halt New Credit
As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent ...
Reinsurers’ Estimates of Climate Risk Exposure Could Be Way Off: S&P
Reinsurers' estimates of their exposure to natural catastrophe risk could be underestimated by 33%-50%, according to a report published by S&P Global Ratings. "Unmodeled risks and the inherent ...
Hong Kong Tycoon Richard Li’s Insurer FWD Makes U.S. IPO Filing Public
Insurance company FWD Group Holdings Ltd, owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue ...
Hong Kong Tycoon Richard Li’s Insurer FWD Makes U.S. IPO Filing Public
Sept 24 (Reuters) - Insurance company FWD Group Holdings Ltd, owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing ...
Employees Saying Adios to Carriers, Brokers Requiring Work in Office
During a session of an insurance industry webinar titled "State of the Insurance Marketplace," the war for talent was discussed just as much as the hard or moderating property/casualty insurance ...
Home Insurers Struggle With Customer Loyalty in Changing Housing Market: J.D. Power
Home insurers have struggled to develop products and services designed to maximize customer lifetime value for the growing population of baby boomers migrating from home ownership to renting, ...
The Latest Launches From Munich Re’s HSB, Brit Ld. and KCC
Munich Re's HSB Canada launched a collection of cyber insurance and services designed to protect small and medium-size businesses. Brit Ltd., the London-based specialty insurer and reinsurer, has ...