Industry News
Nigeria Triples Insurer Capital Requirements
Nigeria increased the minimum capital requirement for insurers more than threefold as the industry regulator seeks to to improve the sector's risk management. Existing companies must comply by June ...
Executives On The Move at Sompo International and Zurich North America
A former Amlin Insurance executive is joining Sompo International Holdings to become head of Financial Lines Insurance in Germany. Zurich North America named a new head of Sales and Distribution for ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
Nationwide, State Auto, Liberty Mutual Contribute to Snapsheet’s New $29M Financing
Snapsheet, a virtual claims technology provider, raised $29 million in new funding, and the growing InsurTech plans to invest its cash infusion into furthering a global expansion. New investors ...
AXIS Capital Holdings Debuts Updated Logo, Website, Marketing Approach
AXIS Capital Holdings is refreshing its image, literally. The Bermuda-based specialty insurer and reinsurer said it is giving its brand a newer face, in part, through a revamped logo and website. ...
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 ...