News
Higher Catastrophe Losses Push Private U.S. P/C Insurers Into the Red
For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015, due to higher catastrophe losses and less favorable reserve development. ...
Credit Suisse Will Pay $5.3B to Settle U.S. Mortgage Case
Credit Suisse has formally agreed to pay $5.3 billion to settle with U.S. authorities over claims it misled investors in residential mortgage-backed securities it sold in the run-up to the 2008 ...
The Latest Launches From Ironshore, Everest Insurance and Aon
Ironshore is expanding a customized property/liability policy for high-net-worth homeowners into New York. Everest Insurance debuted auto buffer coverage for large motor fleets. A division of Aon ...
Allianz, Standard Chartered Bank Seal Asia Distribution Deal
German insurer Allianz and Standard Chartered Bank on Thursday announced a 15-year agreement to distribute Allianz's general insurance products in Hong Kong, Singapore, Malaysia, Indonesia and China. ...
P/C Industry Forecast: (Mostly) Good Times Ahead as Trump Assumes Presidency
As the United States politically veers to the right with the inauguration of Donald Trump as president, a Republican-controlled Congress and a majority of Republican governorships, the economic ...
How Trump Presidency Might Boost Carrier Top Lines by Billions
As the United States politically veers to the right with the inauguration of Donald Trump as president, a Republican-controlled Congress and a majority of Republican governorships, the economic ...
Markel Corp. Partners With Next Insurance to Target Personal Trainers
Specialty insurer Markel Corp. has partnered with online small-business insurer Next Insurance to offer tailored coverage for personal trainers. Personal trainers can buy insurance online with Next ...
OneBeacon Is Reportedly Soliciting Offers From Rival Insurers
OneBeacon Insurance Group Ltd., the specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people familiar with the matter said. The Bermuda-based company recently ...