Industry News
Pritzker Signs Bills Giving Insurance Department Power to Overturn Rate Changes
Illinois Governor J.B. Pritzker this week signed legislation that gives the state's insurance department authority to object rates it deems are excessive, inadequate, or unfairly discriminatory. HB ...
New AIG CEO Andersen Talks Marketplace ‘Pass-Throughs,’ Opportunity
Eric Andersen, new CEO of American International Group (AIG), offered an in-depth view of the company during his first earnings call at the helm, referring to opportunities within current marketplace ...
Can Reinsurers Maintain Underwriting Discipline or Will ‘Irrational’ Competition Return?
The reinsurance industry's robust earnings and abundant capital, evident since 2023, have led to increasing competition and a softening market. "The key question is whether reinsurers can maintain ...
As Wildfires Destroy and Displace, APCIA Says Congress Must Pass Fix Our Forests Act
Wildfires have again become a major headline as about 10% of the population of Spokane, Washington has been ordered to leave their homes, and hundreds of structures have been destroyed. As of Aug. 9, ...
Swiss Re Profit Beats Estimates as Reinsurer Boosts Cost Cuts
Swiss Re AG's first-half profit beat estimates as the reinsurer saw all key business units perform in line with targets, while the firm announced a fresh round of cost cuts. Profit for the second ...
AXA XL to Acquire S-RM
AXA XL, which currently holds approximately 49% of S-RM, said it has entered into an agreement to acquire the remaining shares of the company. S-RM, a specialist corporate intelligence and ...
Everest Agrees to Sell Mexico Insurance Ops to Fairfax Financial
Everest Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced it has entered into a definitive agreement to sell its Mexico insurance operations – Compañía de Seguros Generales ...
Another M&A Deal: AXIS Acquiring DUAL NA XS Liability Biz
AXIS Capital announced that it has agreed to acquire the renewal rights to the excess liability business of DUAL North America ("DUAL"). DUAL is a specialty program administrator and part of DUAL ...