News
U.S. Captive Market Thrives Amid Capacity, Pricing Challenges
The U.S. captive insurance market segment continued to generate profits and surplus gains in 2021 while outperforming the commercial market, according to a new AM Best report. The Best's Special ...
Executives on the Move at Coalition, Obsidian, Crum & Forster, Hudson
Coalition announced three key appointments: Jim Young has been named chief financial officer. He brings over 20 years of experience leading global finance companies and public and private technology ...
The answer to an underwriting or claims question may already be in the file. Getting to it can mean opening...
Dissatisfied Claimants Put Carriers at Risk of Losing $170B in Premiums: Accenture
A research report published last week found that one-third of claimants were not fully satisfied with their most recent insurance claims experience, adding that speed of settlement is a clear pain ...
Tadikonda Replacing Edmundson as CEO of Cyber MGA Corvus
Boston-based InsurTech Corvus Insurance said Madhu Tadikonda will take over immediately as chief executive officer, replacing founding CEO Phil Edmundson. Edmundson will assume the new role of ...
The Latest Launches From Players Health, Kovrr, At-Bay
Players Health, a sports platform and InsurTech managing general agent, launched an insurance product enabling amateur and professional sports teams to buy comprehensive insurance to protect players, ...
AIG Exceeds Profit Estimates on Strong Underwriting Gains
American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned the blow from lower investment returns. Net premiums written in the ...
Munich Re’s Profit Slumps as It Takes $1 Billion Hit to Investment Portfolio
Munich Re's profit slumped as the reinsurer took a hit of almost $1 billion to its investment portfolio in a volatile quarter for financial markets. The Munich-based company wrote down the value of ...
Gallagher Calls Alliant’s Filing in Poaching Suit a ‘Masterclass in Deflection’
In the latest in the back-and-forth court filings between Arthur J. Gallagher and Alliant Insurance Services, Gallagher said its competitor is putting on a "masterclass in deflection" to prevent the ...