Industry News
Higher Claims Dampen Berkshire Hathaway’s Insurance Underwriting Profit
Berkshire Hathaway Inc on Saturday said its quarterly operating profit fell more than analysts expected, as weakness in insurance underwriting, a slowing economy and trade woes weighed on the ...
The Hartford Sees Drop in Net Income After Absorbing Navigators Acquisition Costs
The Hartford saw its net income plunge and its commercial lines combined ratio spike during the 2019 second quarter, due in part to costs associated with its $2.1 billion acquisition of specialty ...
The Latest Launches From Starr and Travelers
A division of Starr Insurance Companies debuted a distribution channel to sell coverage that benefits small federal government contractors. Many customers for The Travelers Companies Inc. will now be ...
Allstate Cites Strategy Momentum as Driving Stellar Q2 Results
The Allstate Corp. said its second quarter results show that its strategy of increasing its market share in property and liability insurance products while also expanding into other protection ...
UK Consumers Urged to Lodge Claims for Mis-Sold Loan Insurance
Britain's financial complaints body encouraged consumers on Friday to lodge claims for mis-sold loan insurance ahead of an Aug. 29 deadline, despite criticism from some banks that a majority of the ...
Allianz’ PIMCO Helps Boost Insurer’s Q2 Profit
Allianz SE got a boost from bond giant Pimco in the second quarter as its main insurance businesses felt the pinch of low interest rates. Pacific Investment Management Co. attracted 23 billion euros ...
Ortega Becomes New Head of Chubb’s Overseas General Insurance Division
Chubb promoted one of its executives to a key position within its General Insurance division. Juan Luis Ortega has been named president, Overseas General Insurance and he will also have the title of ...
11 InsurTech Startups Join Lloyd’s Innovation Accelerator Program
Eleven new InsurTech startups are joining Lloyd's of London's innovation accelerator program. More than 130 applications came in from across the world for the third cohort of the Lloyd's Lab, its ...