Industry News
Rate Moderation Continues During June’s Property-Cat Renewals: Howden Re
Property-catastrophe reinsurance pricing saw continued moderation at the June 1 renewals with a selective return of capacity following historic pricing strength, according to Howden Re, the ...
Cotality: Over 33 Million Properties at Risk of Hurricanes, Creating ‘Liquidity Traps’
Cotality said it has identified more than 33.1 million residential properties from Texas to Maine with a combined reconstruction cost value of $11.7 trillion that are at least at moderate risk of ...
Industry Vets Bonneau and Bredahl Lead ‘Novel’ HoldCo.; Supports MGU Biz
The former chief executives of Partner Re and Howden Tiger are joining two other industry veterans to form a company, which they describe as "an independent holding company that oversees carriers ...
Cyber Attack Surge Creates Opportunity for Insurers, Prompts Rethink on Premiums
A recent surge in high-profile cyber attacks is offering an opportunity for insurers including Munich Re AG and Chubb Ltd. to cash in from a rapidly expanding market — and prompting a rethink on ...S&P Downgrades USAA Ratings
S&P Global Ratings announced that it lowered its financial strength and counterparty credit ratings on United Services Automobile Association (USAA) and its core insurance subsidiaries to "AA" ...
Political Risk Cover Demand Rises, Profits Are Strong, but GWP Growth Lags: Report
Demand for political risk insurance is likely to rise by 33 percent due to tariff uncertainty and the instability of the current trading environment, according to Howden's 2025 survey of ...
Travelers Selling Canadian Insurance Businesses Other Than Surety for $2.4B
The Travelers Companies, Inc. announced that it has signed a definitive agreement to sell Travelers Canada's personal insurance business and the majority of its commercial insurance business to ...
22% Avoid Filing Claims Due to Frustrating Digital Processes: Survey
Poor digital claims experiences are leading some consumers to disengage, according to a survey by cloud-based insurance software provider Insurity. As digital tools become the primary channel for ...