News
AmWINS Acquiring 15 Willis Towers Watson Programs
Specialty broker AmWINS Group reports it has agreed to acquire 15 insurance programs from broker Willis Towers Watson. Among the programs being acquired by AmWINS are MountainGuard, which provides ...
As InsurTechs Make Waves, Consumers Still Trust Traditional Insurers More
InsurTechs are changing the face of insurance, Capgemini and Efma said, announcing results of a consumer survey last month in which nearly one-third of respondent said they now rely on InsurTechs. ...
Hiscox Re Offers Private Label Flood Endorsement for U.S. Insurers
Bermuda-based reinsurer Hiscox Re, along with insurance linked securities investors (ILS), has launched a flood insurance product for personal lines insurers to sell in the U.S. The turnkey flood ...
Q3 Catastrophe Losses Will Lead to Rate Hikes by London Market Insurers: Fitch
Catastrophe losses from the recent U.S. hurricanes and Mexican earthquakes will lead to price rises on London market insurers' loss-affected lines and could also affect wider market pricing trends, ...
Hurricane Maria Ripple Effects: U.S. Hospital IV Bag Shortage
A key U.S. maker of hospital products said it expects a temporary shortage of small saline bags because of the hurricane that hit Puerto Rico. The hurricane wiped out the island's electrical grid, ...
A.M. Best Puts Carriers, Reinsurers on Review in Conjunction with BCRM Update
Insurance rating agency A.M. Best announced the publication of the updated Best's Credit Rating Methodology (BCRM) on Friday, and also announced the names of several insurance and reinsurance groups ...
S&P No Longer Expects Global Re Rate Drops at Jan. 1
A trio of third-quarter hurricanes and continued catastrophe losses impacting insurers and reinsurers will have a greater impact on reinsurers—and may potentially fuel reinsurance rate hikes at the ...
FAA Seeks ‘Emergency’ Action to Process Drone Permit Backlog; Cites Safety Incidents
Reports of safety incidents involving civilian drones have surged to an average of 250 a month, leading to a federal "emergency" action to approve drone flights in restricted areas, according to a ...