Industry News
2021 InsurTech NY Early-Stage Competition Looks to Bermuda
InsurTech NY and the Bermuda Business Development Agency are teaming up for the 2021 InsurTech Early-Stage Competition. Bermuda's lucrative reinsurance market could benefit from the arrangement, ...
Travelers Q4 Earnings Jump With Bigger Investment Returns, Lower CAT Claims
Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts' estimates on Thursday, helped by an increase in returns from investments and lower ...
P/C InsurTech Lemonade Quietly Debuts Term Life Insurance
Lemonade has quietly debuted term life insurance, according to its website. The New York-based InsurTech appears to be going the soft-launch route without major promotion of the launch, after first ...
P/C Industry COVID Survivor Warns About Pandemic Continuity Risks
In the wake of COVID-19, property/casualty insurance senior executives should consider deputizing underlings to completely take over if they become ill or incapacitated, a veteran insurance and ...
AXA Explores Sale of Singapore Unit; Transaction Could Raise $700M
HSBC Holdings Plc and Malayan Banking Bhd.'s insurance venture are among shortlisted bidders for AXA SA's business in Singapore, which could raise about $700 million in a sale, according to people ...
Climate Change Will Boost Hurricane Losses 20 Percent or More by 2050: Research
By 2050, climate change-related weather events will have a meaningful impact on future hurricane losses, increasing them by 20% or more and in some cases doubling them, even without any increase in ...
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 ...