Industry News
Swiss Re Appoints Leader for ReAssure as it Mulls Possible IPO
Swiss Re named a chief executive officer for its British closed book business ReAssure on Monday as the Swiss reinsurance company prepares the business for a possible initial public offering (IPO). ...
Between an Ant and a Grasshopper, Lemonade’s Results ‘Most Improved’
The three U.S. venture-backed InsurTech carriers we have been tracking for several quarters have more money, more premium and more losses as we head into the last quarter of the year. During the ...
Can an InsurTech Startup Compete With Progressive and GEICO?
The most common refrain of startups is that insurance is broken and their solution will fix it. Oui, c'est vrai. But two companies have their act together more than almost any other insurers: GEICO ...
Startups vs. Incumbents Revisited: Q32018
We first pointed out in a second quarter analysis of VC-backed startups Root, Lemonade and Metromile that companies run or led by well-known underwriters were growing slowly but far more profitable ...
‘Root’ of the Problem: Why One InsurTech’s Loss Ratios Still Disappoint
In the first part of this four-part article, we revealed that Root—currently the fastest growing carrier of three VC-backed InsurTechs we've been tracking—also posted the worst loss ratio result ...
Proposed Second Brexit Referendum Would Be a Breach of Trust: UK PM May
U.K. Prime Minister Theresa May will attack supporters of a second Brexit referendum on Monday as she explains to Parliament why European Union leaders rebuffed her attempt to make her divorce deal ...
Executives On The Move at Munich Re, Ascot and Zurich Insurance
Munich Re, U.S. hired a former Everest Re executive to lead a newly created commercial unit in North America. Ascot brought on two ex-Navigators executives to join its U.S. marine team. Zurich ...
Commercial Lines, Reinsurance Should See Modestly Improved 2019 Pricing: KBW Prediction
Expect modestly improved reinsurance and commercial lines pricing in 2019, particularly in the specialty lines area, Keefe, Bruyette & Woods is predicting in a new report. At the same time, the ...