Industry News
Daydreaming and Driving Are a Deadly Combination: Erie Insurance
Daydreaming while driving can be deadly—especially on a Saturday in September or May, according to a review of police data by Erie Insurance. At the other end of the spectrum, Tuesdays and ...
Lloyd’s Insuring Digital Assets Held With Crypto Startup for $100M
BitGo, a provider of digital asset financial services, announced Tuesday that Lloyd's will cover custodial assets held in offline storage accounts for up to $100 million. The $100 million covers ...
Auto-Owners Insurance Agrees to Acquire Capital Insurance Group in California
Auto-Owners Insurance has entered into a definitive agreement to acquire Monterey, Calif.-based Capital Insurance Group. Terms of the deal were not disclosed. Auto-Owners Insurance Group, ...
Executives On The Move at GEICO and Ascot Group
The Berkshire Hathaway-owned GEICO has made a number of changes to its Board of Directors. Ascot Group appointed a former Markel executive to grow its Inland Marine business. *** Pionne Corbin and ...
Nationwide Targets Low-Mileage Drivers With ‘SmartMiles’
For those who work from home, carpool frequently or use public transit more than they drive, Nationwide is launching SmartMiles, an auto insurance policy for low-mileage drivers. Building on its ...
UK’s Pool Re Terror Cover Can Now Cover Non-Damage Business Interruption
Pool Re announced last week that it is now is able to cover losses incurred if a business cannot trade or is prevented from accessing its premises in the wake of a terrorist attack. Before a change ...
A.M. Best Revamps Senior Management and Restructures
A.M. Best announced that Roger Sellek will step down as CEO of its Europe, Middle East and Africa (EMEA) and Asia Pacific (AP) regions at the end of March. As part of its succession planning process, ...
2018 ILS Issuance Comes Close to Record, but Q4 Slowed Down: Swiss Re
Insurance-linked securities reached their second-highest issuance levels ever in 2018, though the fourth quarter ended with a whimper. Total issuance for the year reached $9.7 billion through 29 ...