News
Hub International Snatches Up Canada’s Mainline Insurance Brokers & Affiliated Firms
Hub International Ltd., the Chicago-based global insurance brokerage, announced it has acquired Mainline Insurance Brokers Inc., Indian Head Agencies (1980) Ltd., R&J McKay Agencies Ltd. and ...
Executives On The Move at Navigators, Great American and Starr Companies
Three Chubb vets are taking on executive leadership roles at Navigators. Great American Insurance Group appointed a new director for a division within its Singapore branch. Starr Companies promoted ...
Jan. 1 Reinsurance Renewal Price Drops Moderate: Guy Carpenter
Once again, Jan. 1 reinsurance renewals are indicating pricing declines, but the trend has moderated somewhat. Property catastrophe pricing fell 3.7 percent at Jan. 1, according to the Guy Carpenter ...
Active Atlantic Hurricane Periods Don’t Necessarily Point to More U.S. Landfalls
Active Atlantic hurricane periods, like the one now, are not necessarily a harbinger of more rapidly intensifying hurricanes along the U.S. coast, according to new research performed at the ...
Watsa’s Fairfax Reportedly Wants Ontario Pension Fund to Back $4.9B Allied World Buy
Prem Watsa's Fairfax Financial Holdings Ltd. is in talks with the Ontario Municipal Employees Retirement System to see if the pension fund will help finance his $4.9 billion takeover of Allied World ...
Allstate Discloses Newly Acquired SquareTrade Unit Had 5 Years of Losses
Allstate Corp. said that the mobile-device insurer that it acquired for $1.4 billion had posted five years of losses before the deal. SquareTrade Holding Co.'s annual loss narrowed to $26.5 million ...
2016 Global Natural Catastrophe Losses Hit a 4-Year High: Munich Re
Global natural catastrophe losses reached their highest level in four years in 2016, with a big chunk coming from North American storms and other weather events, Munich Re said in its annual ...
Benefits of Climate-Related Financial Disclosures
We need to work on a united, collaborative response when it comes to combating climate change, said Zurich Insurance's Cecilia Reyes in a recent blog, expanding on her Dec. 15 Twitter chat on ...