U.S.
Markel Property CAT Reinsurance Business Now Solely With Nephila
Markel Corporation is reorganizing how it handles its reinsurance property catastrophe business, and cutting some jobs in the process. The specialty insurer said it will close its Markel Global ...
Progressive CEO Griffith Mulls Expansion Into Life Insurance
Progressive Corp. could soon expand its horizons into life insurance. "We actually are considering that," Chief Executive Officer Tricia Griffith said when asked about a possible move. "We have a ...
Pandemic-Era Carriers Attracting Hedge Funds’ Attention
Five years after London-based hedge fund Toscafund ditched the shares it held in insurance companies, the $3.5 billion firm and its peers are flocking back, drawn by sharp premium increases which are ...
A New Carrier Joins Rideshare Insurance Market Along With Allstate, Liberty Mutual
A new carrier has joined the rideshare insurance market, offering coverage to Lyft drivers in 11 states. At the same time, ridesharing firm Lyft's drivers now also have access to coverage from ...
Allianz Among Insurers Bracing for Claims Over Hollywood Pandemic Production Shutdowns
Allianz SE, Europe's largest insurer, is bracing for a flood of claims after movie and television studios were forced to curtail production during lockdown. A unit of Allianz, which says it's the ...
Executives On The Move at AXIS, Buckle and Guy Carpenter
AXIS Insurance hired four underwriters for its U.S. Management Liability team. Buckle, a tech-enabled financial services company, has brought on two veteran insurance executives in leadership roles. ...
Delta Becomes a Hurricane Heading Toward Gulf of Mexico
Hurricane Delta, the 25th named Atlantic storm this year, is moving toward the Gulf of Mexico and expected to take aim at the U.S. Gulf Coast this week as a major hurricane, the National Hurricane ...
Bold Penguin Acquires RiskGenius in Commercial Insurance Tech Deal
Bold Penguin has acquired RiskGenius in an M&A deal that the commercial insurance InsurTechs said will help grow their reach more than they have been able to thus far on their own. Bold Penguin, ...