News
Florida, Louisiana Stand Out as Super-High ‘Covicane’: PCS
A major hurricane that makes landfall in the southeastern United States will may also serve as a COVID-19 super-spreader that will slow recovery and increase costs, catastrophe modeler Property ...
Executives On The Move at CNA, Enstar and Marsh
CNA promoted one of its veteran executives to run its Middle Market business. Enstar appointed an acting CFO after its current one resigned to pursue other opportunities. Marsh hired two former ...
Natural Catastrophe Losses Reached $40B in H1 2021, Hovering Near Record: Swiss Re
Estimated insured losses from natural catastrophes reached $40 billion during the first half of 2021 — driven by a deep winter freeze, hailstorms and wildfires — while man-made disasters ...
Insurance Broker Gallagher Seals Deal to Acquire Willis Re
Insurance broker Arthur J Gallagher & Co said on Friday it had agreed to buy the treaty reinsurance brokerage business of Willis Towers Watson for an initial consideration of $3.25 billion. The ...
Root Grew Q2 Premiums, but Net Losses Soared; Stock Price Drops Nearly 20%
Root continues to make steady traction growing its premium volume, benefiting in part from rate hikes and new initiatives. But the Ohio-based digital auto insurer saw its loss ratio spike in the 2021 ...
Executives On The Move at AXA XL and Willis Towers Watson
AXA XL appointed an executive to handle Political Risk and other business lines. Willis Towers Watson named a new Head of Broking for North America. *** AXA XL has appointed Dane Mahoney as Global ...
Argo Group Makes Four Executive Appointments as Part of Streamlining Effort
Specialty insurer Argo Group International Holdings, Ltd. has made a number of new executive appointments designed to help streamline its organizational structure. "These organizational changes will ...
Bayer Loses Yet Another Appeal of Roundup Weed Killer Cancer Verdict
Bayer AG's Roundup woes deepened as it lost another appeal of a jury verdict finding its weed killer causes cancer, the company's third consecutive appeals court loss of the cases that have gone to ...