Industry News
Executives On The Move at Liberty Mutual/Ironshore and Church Mutual
Liberty Mutual's Ironshore Specialty Casualty made two executive appointments involving its Programs business unit in the U.S. Church Mutual Insurance Company promoted four executives into new ...
UK Businesses Pull Back Due to Fears of ‘The Hardest of Brexits’: Deloitte Survey
Major British businesses' appetite to take on financial risk has fallen to its lowest level in nearly a decade due to fears of "the hardest of Brexits" and rising U.S. protectionism, a survey by ...
The Hartford Reorganizes Specialty Operations in Anticipation of Navigators Acquisition Closing
The Hartford is releasing its new operating model and organizational structure set to be in place when its $2.1 billion acquisition of specialty insurer The Navigators Group closes. Plans call for ...
Italy’s Banks Turn to Insurance Market for New Opportunities
An aging population and struggling state finances could turn into an unlikely boon for Italy's banks, which have turned to a growing market for insurance to brighten their prospects. Intesa SanPaolo ...
MGA/Carrier Partnerships Enable Cost-Effective InsurTech Automation for Small Business Risks
Some of the most exciting innovation coming out of the InsurTech movement is focused on small to midsize businesses and the brokers who serve them. New players are challenging the old model where the ...
Specialty Insurers Face Pricey Post-Wildfire Claims in Wake of Utility PG&E’s Bankruptcy Filing
Specialty insurers will likely deal with "substantial claims and losses" in the wake of the recent bankruptcy filing for California utility PG&E Corp., whose equipment may have contributed to ...
Independent Agents Satisfied With Carrier Interactions Send More Business to Them: J.D. Power
It may be obvious to those in the industry that the more satisfied independent insurance agents are with an insurance carrier, the more business they will conduct with that carrier. But the message ...
Insurance Linked Securities Market Reached $93B in 2018: Willis Re
Growth of the insurance-linked securities (ILS) market reached $93 billion in 2018, up from $88 billion during the prior year, according to the new ILS Market Update from Willis Re, the reinsurance ...