Industry News
Irma Analysis: Insurer Financial Stress Unlikely If Early Loss Estimates Hold
Before Hurricane Irma made landfall in south Florida on Sunday morning, analysts were assessing the potential damage to property/casualty insurer and reinsurance balance sheets and earnings. On ...
Equifax’s Cyber Insurance Reportedly Not Enough to Address Massive Breach
Equifax Inc.'s insurance against cyber breaches is likely inadequate to cover the credit-reporting company's costs tied to one of the biggest hacks in history, according to people familiar with the ...
Liberty Mutual Sees Opportunity in Joining P2P Car-Sharing Startup’s $92M Financing
Liberty Mutual's venture arm is among the investors backing the new $92 million funding round for Turo, a peer-to-peer car sharing marketplace. Dan Robinson, managing director of Liberty Mutual ...
AmTrust Seals Quota Share Reinsurance Deal to Reduce Hurricane, Tropical Storm Exposures
AmTrust Financial Services signed a new quota share reinsurance contract intended to reduce hurricane and tropical storm exposure for its Republic Companies business. The contract, effective Aug. 1, ...
Insurer Shares Slump on Irma Fears; One Pre-Florida Insured Loss Estimate Over $100B
Hurricane Irma continued on a collision course with Miami after devastating a chain of Caribbean islands, triggering the largest evacuation in Miami-Dade County history and threatening to become the ...
Hurricane Irma Threatens $1.2B of Florida Crops; Insurance Issues Will Vary
Hurricane Irma is threatening to wreak havoc on Florida farmlands, menacing $1.2 billion worth of production in the top U.S. grower of fresh tomatoes, oranges, green beans, cucumbers, squash and ...
Universal Insurance Holdings Has Plenty at Stake if Irma Hits Florida
As Hurricane Irma edges closer to Florida, investors on Wall Street are watching a small insurer with an unusually big commitment to the state. Universal Insurance Holdings Inc., with a market ...
Executives On The Move at Hamilton Re, AIG and Hub International
Hamilton Insurance Group's Hamilton Re made a number of new underwriting-based leadership changes. AIG has a new general counsel. Hub International's president is now also its CEO. *** Hamilton Re, ...