News
CNA Unloading $690M of Excess Comp Reserves to Enstar
In separate announcements late Wednesday, CNA Financial Corp. and Enstar said they had reached an agreement to have a subsidiary of Enstar reinsure a legacy portfolio of excess workers comp policies, ...UK Insurer Admiral Group Will Unload Price Comparison Unit in $685M Deal
UK home and car insurer Admiral Group Plc agreed to sell its price-comparison unit to the owner of property portal Zoopla in a transaction valued at 508 million pounds ($685 million). Admiral will ...
U.S. Government Will Use Obscure Federal Bureaucracy to Handle COVID-19 Vaccine Injury Claims
Lost in the U.S. launch of the coronavirus vaccine is a fact most don't know when they roll up their sleeves: In rare cases of serious illness from the shots, the injured are blocked from suing and ...
Crash Victim Families Want U.S. to Reverse Approval Bringing Back Boeing 737 MAX Planes
The families of victims killed in two crashes by Boeing Co's 737 MAX want U.S. regulators to rescind approval for the planes to fly again, following a Senate report that raised concerns about the ...
Arch Capital Group Promotes Papadopoulo to President and Chief Underwriting Officer
Arch Capital Group Ltd. (ACGL) announced that Nicolas Papadopoulo will be promoted to the position of president and chief underwriting officer, effective Jan. 1, 2021. Papadopoulo joined Arch in 2001 ...
Executive Viewpoint: 2021 Will Bring Bolder Bets on InsurTech Innovation
Change came in many forms this year, as a global pandemic and numerous catastrophes sent shockwaves through the world and insurance community, leaving us all with a new perspective. Across the board, ...
2020 InsurTech VC Financings: Only A Handful Reached $100M or More
Carrier Management covered more than 30 property/casualty-specific InsurTech venture capital financings in 2020. The rough total of those combined investments surpasses approximately $1.7 billion. ...
Lemonade, 2020’s Best IPO, Could See Volatility When Insider Selling Restrictions Expire
The best-performing listing of 2020 is poised to enter the new year with extra volatility after insider selling restrictions expire this week. Insurance provider Lemonade Inc. is trading more than ...