Industry News
Specialty Insurer ProSight Will Go Private in $586M Private Equity Deal
ProSight Global Inc. will go private as part of a $586 million private equity deal, about 18 months after it debuted on the public markets with an IPO. International investment management firm ...
Executives On The Move at Hamilton Insurance Group and Great American
Hamilton Insurance Group hired an executive to fill a new position focused on expanding its U.S. Specialty insurance business reach. Great American promoted an executive within its bond ...
COVID-19 Drives More Than Half of AXIS Capital’s Q4 CAT Loss Estimate
AXIS Capital Holdings Ltd. reported approximately $200 million in preliminary fourth quarter catastrophe losses, more than half of which stem from the COVID-19 pandemic. The Bermuda-based specialty ...
Jones Joins HSCM From SCOR to Expand InsurTech Group
Adrian Jones, the former leader of SCOR's P&C Ventures unit, has signed on with Hudson Structured Capital Management Ltd. to expand the asset manager's InsurTech and global reinsurance groups, ...
Nitschke Hands InsurTech Bunker’s Reins To Simkin As New CEO
Late last week, Chad Nitschke, chief executive officer of InsurTech Bunker, a contract-related insurance marketplace he co-founded in 2016, announced that he is passing the CEO reins to Jordan ...
Zurich To Stop Backing Nord Stream 2 After U.S. Sanctions Warning
Zurich Insurance Group will drop out of Russia's Nord Stream 2 project in the face of looming U.S. sanctions against European companies that support construction of the $11 billion gas pipeline, two ...
UK Supreme Court Rules Businesses Should Be Insured for COVID-19 Claims
Small businesses, from restaurants to nightclubs and wedding planners to beauty parlors, on Friday won the right to insurance payouts after Britain's highest court ruled many policies should cover ...
Initial Reactions to UK Supreme Court’s Ruling on Business Interruption Claims
Insurers, policyholders and industry observers have issued comments on the UK Supreme Court's ruling that insurers should pay small businesses for many business interruption claims from the COVID-19 ...