News
Typhoon Haima Hits China; Earthquake Strikes Eastern Japan
AIR Worldwide issued two new weather event updates, covering Typhoon Haima in the Philippines and China and an earthquake in Japan. After wreaking havoc with heavy rains in northern Luzon and ...
Executives On The Move at Erie Insurance, CNA and Everest Re
Both CNA and Erie Insurance made a number of new executive appointments. Everest Re hired a former QBE executive as head of Professional Liability. *** Erie Insurance made a number of new executive ...
RMS Hurricane Matthew Insured Loss Estimate: $5B in U.S., $3B for Caribbean
Hurricane Matthew-related insured losses are still being tallied, but RMS said that the number will reach as high as $5 billion in the U.S. and $3 billon in the Caribbean. The catastrophe modeling ...
Western Insurers Slowly Rebuild Iran Business Ties
Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions ten months on from the ...
Ex-AIG CFO Herzog Named to MetLife Board
MetLife Inc., the largest U.S. life insurer, elected David Herzog, the former chief financial officer of American International Group Inc., to its board of directors. The addition brings the total ...
PartnerRe Pays $284M to Acquire Aurigen Capital, Expand Life Policy Reinsurance Reach
PartnerRe Ltd., the reinsurer owned by John Elkann's Exor SpA, agreed to buy Aurigen Capital to expand in coverage of life policies in North America. PartnerRe agreed to pay C$375 million ($284 ...
EverQuote, a Rising Insurance Matchmaker, Raises $23M Series B
Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic ...
P/C Broker Venbrook Raises $42M in Financing to Help Fund Acquisition
Venbrook Group nailed down $42 million in new financing from Madison Capital Funding, a subsidiary of New York Life, and some of the money has already helped back an acquisition that expands its ...