Industry News
CNA Says More Rate Hikes to Come After $84M Q4 Net Loss
CNA Financial Corp. lost $84 million in its 2018 fourth quarter, a result the Chicago-based property/casualty insurer blames on poor investment returns and catastrophe losses. At the same time, CNA ...
UK Hit With Suit Concerning Brexit Deal With Ferry Company Lacking Boats
The companies that run the Channel tunnel are suing the British government over its award of ferry contracts to handle freight shipments in a no-deal Brexit, just days after one of those contracts, ...
Global Insurance M&A Grew 9 Percent in 2018; Short-Term Drop-Off Likely: Clyde & Co.
Global insurance sector mergers and acquisitions increased by 9 percent in 2018, with the Americas showing the most active deal activity, according to a new Clyde & Co. report. There were 382 ...
Hartford InsurTech Hub Welcomes 2019 Startup Group
Hartford InsurTech Hub, backed by Startupbootcamp, has welcomed its 2019 cohort of startups to Hartford, Conn. The chosen startups cover a range of abilities, from property insurance claims to ...
Fintech/Renters Insurance Startup Jetty Raises $25 Million Series B Financing
Fintech startup Jetty raised $25 million in new financing, and will use the cash infusion to expand the use of its home rental technology and services. Jetty's products include renters insurance and ...
Property Catastrophe Retrocession a Bright Spot in Jan. 1 Reinsurance Renewals: A.M. Best
The property catastrophe retrocession market was a bright spot in what was largely flat pricing for reinsurance at Jan. 1 2019 renewals, A.M. Best said in its latest Market Segment Report. According ...
EU Mulls Cyber Crimes Sanctions as China, Russia Activity Raises Concerns
The European Union is looking to get tough on cyber crimes. Technocrats representing the EU's 28 governments will meet in Brussels on Friday to discuss expanding the bloc's sanctions regime to punish ...
QBE North America Makes Community ‘Impact’ Investment, It’s First for 2019
QBE North America said it has made its first major community "impact" investment for 2019. The integrated specialist insurer said it has issued the contribution through its Premiums4Good program, ...