News
Natural Disasters Cost Insurers $39B During H1 2022, 18% More Than Average: Aon
Insured losses from global natural disaster events were estimated at $39 billion during the first half of 2022, 18 percent higher than the 21st century average of $33 billion, driven by persistent ...
Agents Expect Big Jump in Online Commercial Insurance Shopping: Survey
A majority of independent insurance agents (53 percent) are expecting a significant increase in online commercial insurance buyers over the next three years, according to a survey from Semsee, a ...
Executives on the Move at AIG, Universal Insurance Holdings, Boxx
American International Group Inc. has named Charlie Fry as executive vice president, Reinsurance Purchasing and Risk Capital Optimization, effective July 31. Fry will report to Peter Zaffino, AIG's ...
FEMA Report: Flood Insurance Hikes Will Drive 1 Million From Market
When questioned by members of Congress, the Federal Emergency Management Agency said its new update to the nation's flood insurance program will prompt more people to sign up for coverage, even ...
A Separate Place: Fidelis Launching $3B MGU
Fidelis Insurance Holdings Ltd. announced its intention to create a new managing general underwriter, which, subject to regulatory approval, will be separated from the existing balance sheet ...
Openly Announces Launch of Licensed Homeowners Insurance Carrier
Openly, a premium homeowners insurance platform that formerly operated solely as a managing general agency, announced the launch of the Openly Insurance Company, an insurance carrier based in South ...
Executives on the Move at Verisk, Liberty Mutual GRS, Vesttoo
Verisk has named Elizabeth Mann as executive vice president and chief financial officer, effective Sept. 15, 2022. She will lead Verisk's global finance organization, including accounting and ...
Travelers CEO on Signs of Recession: ‘Not Yet’
With inflationary effects still hitting the books of property/casualty insurers, including Travelers, analysts are worrying about the next macroeconomic shoe to drop—a recession. But the leader of ...