Industry News
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 ...
For nearly four years, Drew Hill has worked alongside Vertafore through our partnership with Mutual Capital Analytics (MCA), helping insurance...
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 ...
U.S. Focuses on Ship Insurers, Maritime Industry to Strengthen Venezuela Sanctions
Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to ...
Global Insurance Premiums Will Rebound in 2021 After Pandemic-Related Dip: Swiss Re Sigma
Though the COVID-19 pandemic is expected to lead to the deepest recession since the 1930s, global insurance premium volume will rebound to pre-crisis levels by the end of 2021, forecasts Swiss Re in ...
W.R. Berkley Corp. Booked $85M in Q2 Pretax COVID-19-Related Catastrophe Losses
W.R. Berkley Corp. cautioned that its 2020 second quarter pretax catastrophe losses will reach $145 million, with more than half of that coming from COVID-19 related costs. Out of that total, $85 ...
S&P Welcomes Allstate’s $4B Bid for National General
Allstate Corp.'s plan to pay $4 billion for National General Holdings Corp. and become a dominant player in the independent agency channel drew a positive response from S&P Global Ratings. A few ...
Insurity Grabs Virtual MGA for an Undisclosed Price
Insurity said it has snatched up Virtual MGA, a Texas-based company with a cloud-based binding authority, underwriting and distribution product for wholesale brokers, syndicates and MGAs. The ...