Industry News
Industry Underestimating COVID Biz Interruption Losses: RenRe CEO
During an upbeat earnings call focused on how RenaissanceRe is using $1 billion of capital it raised last year in 2021, the CEO highlighted one negative development for the industry ...
Farmers Insurance, Munich Re Make Home Technology Startup Investments
Farmers Insurance has become an equity investor in a fintech company focused on helping make a home rental easier and more affordable. Munich Re invested in a smart home startup whose electrical ...
W.R. Berkley Reports Record Q4 Net Income
W.R. Berkley Corp. generated record net income in its 2020 fourth-quarter and a healthy combined ratio, results that company attributed to rate hikes, bigger investment returns and ongoing ...
Allstate Announces $2.8B Sale of Life Insurance Company
The Allstate Corporation announced on Tuesday that it has agreed to sell Allstate Life Insurance Company (ALIC) to entities managed by investment firm Blackstone for $2.8 billion. Explaining the move ...
Consumers Willing to Share Personal Data With Insurers Despite Data Security Concerns
If it means reduced premiums, consumers are willing to share their personal information with insurers but they question whether insurers can protect their data. The number of consumers willing to ...
Social Inflation Drives $400M Prior-Year Reserve Charge For Everest Re
Everest Re is the most recent insurance and reinsurance company to announce catastrophe and COVID losses in advance of fourth-quarter earnings, but Everest's disclosure on Monday also addressed a ...
The Latest Launches From Chubb and Branch Insurance
Chubb is marketing a new product designed to streamline absence management and workplace benefits for mid-size to large employers. Branch Insurance will link with ADT to offer ADT home security ...
InsurTech Joshu Raises $3.7M for Commercial Insurance Digital Platform
The InsurTech Joshu raised $3.7 million in seed funding to advance its digital tools designed to help carriers and MGAs bring their commercial insurance business online. Blumberg Capital led the ...