Industry News
27 Carriers in Play With $1.3B FEMA Flood Program Reinsurance Renewal
The Federal Emergency Management Agency reported its 2020 traditional reinsurance placement for the National Flood Insurance Program, a transaction in which 27 private reinsurers assumed $1.33 ...
Tokio Marine Commits $374M for Insurance Joint Venture With Brazil’s Caixa Bank
Tokio Marine Holdings Inc. said it will pay $374 million to form a joint venture to sell mortgage and homeowners insurance for Caixa Econômica Federal, the Brazilian state-owned bank. Caixa's ...
Executives On The Move at W.R. Berkley, BHSI and Guy Carpenter
W.R. Berkley Corp. appointed an executive to run a subsidiary focused on workers compensation. Berkshire Hathaway Specialty Insurance promoted one of its executives to a leadership role focused on ...
Farmers Adds Uber Driver Cover to 13 Additional Markets
Farmers Insurance has expanded its commercial auto insurance coverage for Uber drivers into 13 new markets. In all, Farmers said the product is now available to drivers using the Uber App in 14 ...
American Financial Group Decides to Exit Lloyd’s of London
American Financial Group Inc. disclosed it will exit the Lloyd's of London insurance marketplace in 2020, an entity it joined in 2008 through an acquisition. The Ohio-based insurance holding company ...
Jan. 2020 Reinsurance Renewals Vary Widely
The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents' loss record and client relationships, according to two ...
VC Funding Could Dry Up, InsurTech Exec Says
The days of VC funds and strategic investors throwing money at InsurTechs may be numbered, an InsurTech executive warned fellow startup leaders late last year during a presentation at an InsurTech ...
Start Posting Your Comments Right Now
To all of our Carrier Management readers: Happy New Year! With the advance of 2020, we are also announcing the launch of something new on our website: Readers can now post comments about the stories ...