U.S.
UFG Insurance Will Diversify Risk Profile Through U.S. Reinsurance Expansion
UFG Insurance is looking to diversify across the U.S. by expanding into assumed reinsurance business – partly via quota share arrangements, such as the recently announced deal with Topsail Re, a ...
Counterpart Pulls in $10M to Expand Management Liability Insurance Platform
Counterpart raised $10 million in financing designed to help fuel growth of its management liability insurance platform. Valor Equity Partners led the Los Angeles-based MGA InsurTech's financing. ...
Farmers Rolls Out Direct-to-Consumer Policies in Two Additional States
Farmers Insurance is debuting direct-to-consumer policies in Massachusetts and Louisiana. Customers in both states can now digitally access quotes and purchase customizable auto, home, condo, and ...
SCOTUS Spurns Facebook’s Appeal in User Tracking Lawsuit
The U.S. Supreme Court on Monday turned away Facebook Inc's bid to pare back a $15 billion class action lawsuit accusing the company of illegally tracking the activities of internet users even when ...
Global Warming Could Slash the Credit Ratings of 63 Countries: Study
A new algorithm-based study by a group of UK universities has predicted that 63 countries – roughly half the number rated by the likes of S&P Global, Moody's and Fitch - could see their credit ...
Why Chubb’s Bid for The Hartford Is a Personal Lines ‘Chess’ Move
While Chubb's $23.2 billion opening bid for The Hartford appears to be mostly a commercial lines play to many, one experienced industry observer has a different take on it. Chubb CEO Evan Greenberg ...
Citizens’ CEO: Florida Market Is in Dire Straits
Florida's insurer of last resort, Citizens Property Insurance Corp., has become the insurer of first resort as thousands of new policies flood into it each week and the private homeowners insurance ...
Chubb Bids for The Hartford’s ‘Crown Jewel’ and More
Five years ago, Evan Greenberg led ACE's nearly $30 billion acquisition of Chubb, morphing Chubb into its current status as a global property/casualty insurance giant he continues to guide as CEO. ...