U.S.
New Capital Unlikely to Immediately Soften Rates: Vantage Risk CEO
Greg Hendrick, the CEO and co-founder of the new reinsurance and insurance company Vantage Risk isn't too concerned about the new capital that has been pouring into the market this year, and its ...
Insurers Eye Post-Pandemic Clout While Pursuing Major Merger Deals
Insurers pummeled by the pandemic are looking to deals as they race to see who'll emerge strongest when the outbreak subsides. The takeover of RSA Insurance Group Plc and Allstate Corp.'s largest ...
Next Insurance Snatches Up Juniper Labs, a Data/Underwriting Tech Startup
Next Insurance - an InsurTech focused on small business coverage - has closed its first acquisition. More could be on the horizon. The California-based company startup acquired Juniper Labs, a ...
Facebook Risks Losing Instagram, WhatsApp Over U.S., State Antitrust Lawsuits
Facebook Inc could be forced to sell its prized assets WhatsApp and Instagram after the U.S. Federal Trade Commission and nearly every U.S. state filed lawsuits against the social media company, ...
Executives On The Move at Swiss Re and AXA XL
Swiss Re's Corporate Solutions Unit promoted an executive within its Engineering & Construction North America division. AXA XL's North America construction business promoted an executive to a ...
$2 Trillion Won’t Be Enough for the Next Black Swan Event
There aren't many contexts where $2 trillion seems like a paltry sum. Then a pandemic comes along. The economic fallout from COVID-19 has left insurers issuing existential warnings and businesses ...
COVIDigation Part 3: What’s the Deal With Business Interruption Claims?
Well, 2020 is almost over. Am I right? Following up on previous work exploring the relationships between COVID-19 and business interruption insurance litigation, in this article we evaluate trends ...
Negative Outlook Continues for U.S. Commercial Lines: A.M. Best
U.S. commercial lines insurers will continue to be tarnished by an A.M. Best negative outlook, thanks to COVID-19 economic uncertainty, social inflation and other challenges. A.M. Best first revised ...