Industry News
Argo Warns of $114M Underwriting Loss, Extra Costs From Watson’s Departure
Argo Group International Holdings Ltd. is warning that its 2019 fourth quarter will feature some "unacceptable" results, particularly a $114 million underwriting loss. Separately, there are also ...
A Closer Look at AIG’s Rumored Future Leader
Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his ...
Average Commercial Insurance Prices Jumped 11 Percent in Q4: Marsh
Global average commercial insurance prices increased 11 percent in the fourth quarter of 2019, according to the Global Insurance Market Index released by insurance broker Marsh. The fourth-quarter ...
SkyWatch.AI, Starr Begin Usage-Based Drone Insurance in Canada
InsurTech SkyWatch.AI and Starr Insurance Companies have launched a usage-based drone insurance product in Canada. The coverage debuted in Ontario, Canada, and it includes on-demand hourly, monthly ...
Everest Re Improves Results With Premium Hikes and Investment Income
Everest Re Group reported a successful 2019 fourth quarter and year, driven largely by gains in insurance premiums and investment income. The Bermuda-based insurer and reinsurer reported $217.6 ...
Global Natural Disasters Caused Economic Damages Surpassing $3B in January: Aon
U.S. storms, Australian bushfires and hailstorms, and floods in various countries across the globe caused more than $3 billion in economic damages during January, according to Aon's Global ...
New Cyber Services From AXA XL/Accenture and Cowbell Cyber/Advisen
AXA XL and Accenture's partnership will give the insurer a new service to help clients respond to and recover from cyber attacks. Managing general agent Cowbell Cyber said it will incorporate ...
CNA Scores With Improved Q4 Results and Investments
Higher premiums, soaring investment results and fewer catastrophe losses helped CNA Financial Corp. produce solid net income to close out 2019. CNA's Q4 2019 net income reached $273 million, or $1 ...