Industry News
Combined Ratios Still Better Than Breakeven Through Nine Months
In separate analyses published yesterday, both AM Best and Fitch Ratings reported double-digit drops in operating income for North American property/casualty insurers through nine months but said ...
EverQuote Mourns Passing of Co-Founder Birnbaum
Seth Birnbaum, the Co-Founder and CEO of the Cambridge, Mass.-based online marketplace EverQuote passed away on Saturday, according to a statement released by the company on Sunday. Expressing ...
D&O Insurance Underwriters Scrutinize Diversity as Lawsuits Climb
Insurers in the United States are taking a closer look at the recruiting and succession practices of corporate customers, worried about mounting lawsuits over a lack of diversity among top executives ...
The COVID BI Scorecard: Insurers Win Most, But Not Undefeated
In the multibillion-dollar fight over insurance coverage for pandemic-related business losses, a Florida gynecologist succeeded where more than a dozen professional baseball teams and an iconic ...
AXA Sells Persian Gulf Biz to Kuwait-Based Group
AXA SA sold its Persian Gulf business for $269 million to a Kuwait-based group, as the French insurance giant shifts its focus and exits some overseas investments to shore up its finances amid the ...
Aviva CEO Confirms Talks to Sell Units in France, Poland and Italy
Aviva Plc Chief Executive Officer Amanda Blanc confirmed the company was in talks to sell units in France, Poland and Italy as part of her overhaul of the insurance giant. The company is still in the ...
SCOR CEO Prediction: Double-Digit Reinsurance Rate Hikes on Jan. 1
Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler, chairman and chief executive of the French reinsurer SCOR, said on ...
Fintechs Will Increasingly Squeeze Insurer Market Share: EU Official
Established insurers will face a squeeze on profits and market share as new financial technology companies muscle in on the industry, a senior European Union official said on Wednesday. More fintech ...