Industry News
The Latest Launches From Travelers, Hanover and MS Amlin
The Travelers Companies now offers separate fine jewelry insurance cover through its Wedding Protector Plan. The Hanover Insurance Group Inc. will join RSA Group's Global Network as a U.S. strategic ...
Workers Comp Risk Threats to Come: Labor Shortages, Aging Workforce, Contract Workers
A construction/transportation worker labor shortage, an aging workforce and the rise of gig workers could harm workers compensation insurers' performance in the future and cause long-term structural ...
After several years in which much of P&C was focused on restoring rate adequacy and profitability, the market is finally...
EMC Insurance Invests in MākuSafe, a SaaS Startup That Can Help Spot Workplace Risks
"MākuSafe," a Software as a Service (SaaS), data and analytics startup, has raised a seed financing round of nearly $3 million. The company bills its technology as a way to help identify workplace ...
Art, Science and The Future of Commercial Underwriting
A dash of qualitative judgment is still in the recipe for commercial insurance underwriting excellence, but "technical pricing" can start conversations to bring carriers and brokers in sync, analysts ...
Britain’s Aviva Moves $10B Out of Country Due to Brexit Uncertainty
Aviva Plc asked a London court to approve the transfer of assets totaling 9 billion euros ($10.2 billion), saying the uncertainty from Brexit was "intensifying" as it joined other insurers and banks ...
APIW Names AXA XL’s Lyles as Insurance Woman of the Year
The Association of Professional Insurance Women (APIW) has announced that Kelly Lyles, chief executive, client and country management at AXA XL, has been selected as the recipient of the 2019 APIW ...
General Insurance Blues: AIG Ended 2018 With Another Money-Losing Quarter
American International Group's road to profitability continues to be both slow and challenging. High catastrophe losses in the fourth quarter presented yet another obstacle. The property/casualty ...
Suit Alleges Maiden Holdings Failed to Address and Disclose AmTrust Portfolio Risks
Maiden Holdings Ltd. is named in a class action investor lawsuit alleging that it failed to adequately address and reveal portfolio risks involving AmTrust Financial Services, its largest customer. ...