Industry News
The Latest Launches From Hiscox and Brit Ltd.
Hiscox recently started selling a policy designed to give clients added crisis management services. Brit Ltd. unveiled a new Lloyd's consortium for yachts. *** Hiscox has started selling a Security ...
While Hurricane Matthew Hurt, RLI Ended 2016 With Healthy Combined Ratio
Losses from Hurricane Matthew helped contribute to RLI Corp.'s 2016 fourth quarter drops in property/casualty underwriting income. But the specialty insurer's combined ratio remained at healthy ...
UK Lawmakers to Start Limited Debate of Brexit Bill on Jan. 31
Prime Minister Theresa May's government will push its draft law to trigger the start of the Brexit process through the House of Commons within two weeks in a rush to stick to her March 31 deadline. ...
Valen Analytics Sold to Much-Larger Insurity for Undisclosed Price
Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial ...
NAIC President Vows to Help Insurers Innovate
Three days before the inauguration of President Donald Trump last week, a panel of experts on insurance regulation predicted that state and federal regulators of the financial services sector would ...Graphic Insight: Where Disruption Is Coming From; How Will Carriers Respond
Startups and fast-moving insurers adopting digital technologies are disrupting the industry, executives agree. When Willis Towers Watson and Mergermarket surveyed 200 senior level executives in the ...
Executives On The Move at CNA and Chubb
CNA created a new executive position focused on integrating technology and operations, and hired an Axis Capital veteran to fill the job. Over at Chubb, the insurer hired a former Allied World senior ...
2017 Cat Bond Issuance Could Approach Record Levels: Aon Report
Total catastrophe bond issuance for calendar year 2016 reached $5.8 billion – a decrease from US$6.9 billion in 2015 – principally due to ongoing competitive re/insurance market conditions, ...