Industry News
Marine Insurance Blockchain Makes Its Debut
A blockchain that is said to be the first for $30 billion marine insurance is now in commercial use, according to a coalition of technology, insurance, marine and consulting businesses. EY, ...
Much More M&A Is Coming as Companies Seek Scale/Tech Advances: A.M. Best
Expect more property/casualty insurance and reinsurance M&A deals in the months ahead — particularly among smaller carriers — as companies continue seeking scale and technology to improve ...
Executives On The Move at AIG and The Hanover Insurance Group
AIG is bringing on a veteran executive from Zurich Insurance and Liberty Mutual to lead its China operations. The Hanover Insurance Group expanded its surety leadership team to support its growth in ...
Insurers Back Global Regulation Provision in Newly-Passed Banking Reform Bill
The financial services regulatory reform measure passed by Congress yesterday, which contains parts of more than 25 different bills, includes a provision on international insurance regulation that is ...
Critics Worry FEMA Isn’t Ready for Hurricane Season
With just a week to go before hurricane season, top jobs at the U.S. Federal Emergency Management Agency remain vacant and critics say that will make it harder for the government to respond to ...
InsurTech Next Insurance Transforms From Digital Agency to Carrier
Next Insurance debuted in 2016 as a digital insurance agency for small to medium-size businesses. Today, the California startup officially announces its new status as a licensed insurance carrier, ...
U.S. P/C Combined Ratio Lands at Lowest Quarterly Level in 5 Years: A.M. Best
The U.S. property/casualty insurance industry saw its combined ratio improve by nearly five points in the 2018 first quarter and net underwriting income grow at a healthy clip, A.M. Best said in a ...
Lloyd’s Wins Approval to Open Its Post-Brexit London Subsidiary
Lloyd's of London has approval for its post-Brexit EU outpost in Belgium. The license approval came from the National Bank of Belgium for Lloyd's Insurance Co., or the Lloyd's Brussels outfit. ...