Industry News
CoreLogic Meets With Investors Pursuing Unsolicited Acquisition Bid
CoreLogic Inc. met with two of its investors for the first time Tuesday to discuss their $7 billion proposal to take the real estate data company private. Representatives from Cannae Holdings Inc. ...
Is a ‘Class of 2020’ Emerging?
Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still ...
UK PM Johnson Proposes Spending $6.6 Billion on Flood Defenses Through 2027
Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the ...
Travelers Cautions Q2 Pretax Cat Losses Will Hit $854M
The Travelers Companies Inc. has become the latest P/C carrier to report sizable catastrophe losses for the 2020 second quarter. Estimated pretax catastrophe losses for Q2 reached $854 million, or ...
Earliest ‘F’ Named Storm Drops $400M In Insurance Losses: Estimate
Last week, Tropical Storm Fay became the earliest "F" named storm in the historical record, Karen Clark & Company reported yesterday, estimating that the storm will mean roughly $400 million in ...
Executives On The Move at AGCS and AXIS
Allianz Global Corporate & Specialty SE appointed a number of new North America executive and simplified its organizational structure as part of its ongoing "New AGCS" transformation program. ...
Buckle Plans to Run Its Carrier as a ‘Digital Front’
Recently, Buckle made an acquisition that helps it expand in interesting ways. Buckle, a digital seller of rideshare insurance, bought Gateway Insurance Company from carrier Atlas Financial Holding ...
Insurer Capital Strength Could Suffer With COVID-19 Second Wave: S&P
Insurers largely withstood the first wave of COVID-19 thanks to their capital strength. They may not be so lucky when a second wave comes, S&P Global Ratings said in a new report. "A second wave ...