Industry News
Guy Carpenter Launches New Unit Focused on Program Market
Global reinsurance broker Guy Carpenter & Co. has launched a new business unit focused on carriers and managing general agencies operating in the program market. GC Access offers services such as ...
Corporate Diversity Pledges: U.S. Activists Seek Proof of Action
More data disclosure will help investors, employees and customers judge the pledges many American companies have made to diversify their workforces and boardrooms, activists and analysts said on ...
Delta Could Bring 2020 Estimated Hurricane Losses Above $26B
Hurricane Delta caused from $700 million $1.2 billion in insured losses from wind damage and storm surge, and an additional $800 million to $1.5 billion in losses to offshore structures, CoreLogic ...
Intact Financial Consolidates U.S., Canadian Specialty Biz Under Single Brand
Intact Financial Corp. has officially consolidated its Canadian and U.S. specialty insurance operations under a single brand, an expected action following two acquisitions. The Toronto-based carrier ...
Hurricane Delta Could Cost Insurers $1.25 Billion: KCC
Hurricane Delta could end up costing insurers close to $1.25 billion, according to a new report from catastrophe risk modeling firm Karen Clark & Company. The loss estimate includes $950 million ...
Executives On The Move at Munich Re, BHSI and Willis Towers Watson
Munich Re Specialty Insurance has a new Chief Underwriting Officer. Berkshire Hathaway Specialty Insurance named an underwriting executive in Ireland. Willis Towers Watson hired a director for ...
Swiss Re, Auto Maker Daimler Launch MGA Focused on Auto and Mobility Insurance
Swiss Re and Daimler Insurance Services are jointly launching a managing general agent focused on automotive and mobility insurance. Dubbed Movinx, the aim of the 50/50 joint venture is to develop ...
A Look at What InsurTech Investors Should Embrace and Leave Behind
Which technology should InsurTech investors move away from, and what should they embrace instead? These are typical questions investors in the space (and others) must ask themselves over time, in ...