Industry News
Natural Catastrophe Damages Reached $210B in 2020: Munich Re
Natural catastrophes around the world resulted in $210 billion in damage in 2020, with the United States especially hard hit by hurricanes and wildfires, a top insurer said on Thursday. The damage, ...
Maguire Academy of Insurance and Risk Management at SJU Welcomes New Executive Director
Maguire Academy of Insurance and Risk Management at Saint Joseph's University Haub School of Business in Philadelphia announced that it has hired Storm Wilkins as its new executive director. Wilkins, ...
In-Person Again? Some P/C Groups Are Planning Gatherings, With an Asterisk
Some of the property/casualty insurance industry's major industry groups are actively planning for face-to-face meetings again in 2021. Don't worry, virtual events are also part of the game plan. To ...
Philadephia Insurance Acquires World Wide Specialty’s Staffing Insurance Biz
Philadelphia Insurance Companies has acquired the Staffing Insurance Business offered by New York-based MGA World Wide Specialty Programs. The deal closed on December 31, 2020. Neither side disclosed ...
Jan 1. Renewals Produced Super-Sharp Commercial Insurance Rate Hikes
Lower investment yields, adverse catastrophe loss development, higher loss cost trends, concerns over climate change, and, of course, the pandemic coalesced to bring some of the sharpest price ...
Zurich North America Starts Marketing Construction Weather Parametric Insurance for Contractors
Zurich North America is launching Construction Weather Parametric Insurance for project owners and contractors. The coverage, according to the insurer, is designed to fill a gap created by more ...
AIG, Marsh, Travelers CEOs Among Corporate Leaders Urging Quick Biden Election Certification
Several leaders of the insurance industry joined nearly 200 New York corporate executives in a letter urging members of Congress to certify the election of Joe Biden as President without delay this ...
Generali Will Pay $203M for AXA’s Greek Operations
Assicurazioni Generali SpA agreed to buy the Greek operations of French insurer AXA SA as part of its plans to expand in European non-life and health businesses. The Italian company will pay 165 ...