Industry News
The Hartford Completes Its $2.1B Acquisition of Navigators on May 23
The Hartford said it has received all regulatory approvals needed to complete its acquisition of specialty insurer Navigators Group on May 23. "This acquisition is a significant milestone for our ...
London’s Finance Industry Will Be Largely Unscathed From Brexit: UK Ministers
Britain's vast finance industry will emerge largely unscathed from Brexit and retain its position as one of the world's top financial centers, ministers in Prime Minister Theresa May's government ...
Executives On The Move at ProSight Specialty, AXA XL and Sompo Global Risk Solutions
The founder of ProSight Specialty Insurance is becoming chairman, and a veteran executive will replace him as CEO. AXA XL promoted an East Coast executive. A longtime life sciences underwriter will ...
Third Point Re Slapped With Negative Outlook From AM Best; Ratings Affirmed
AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of "A-"(Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of "a-" of Bermuda-based ...
Ship Attacks Prompt London Marine Insurers to Widen Middle East Threat Zone
London's marine insurance market has extended the list of waters deemed as high risk to include Oman, the United Arab Emirates and the Gulf after ship attacks off Fujairah, officials said on Friday. ...
Real Estate Data/Analytics Outfit Attracts $12M in Financing, Targets Insurers for Expansion
A company that gathers data and analytics for real estate customers has raised $12 million in new financing, with plans to grow its business further among financial firms and insurance companies. ...
Global Commercial Insurance Prices Continue Trending Higher: Marsh
Average global commercial insurance prices grew by 3 percent in the first three months of 2019, representing the sixth consecutive quarter of price increases for the overall sector, Marsh said in its ...
Europe’s Biggest Insurers Hit With Massive Bill From Boeing Crashes
Europe's biggest insurers are on the hook for as much as $450 million from a pair of airline crashes involving Boeing Co. 737 Max planes. Munich Re reckons it could pay 150 million euros ($168 ...