U.S.
Allstate’s Net Income Grew 52 Percent Higher; Auto Underwriting Improved
Insurer Allstate reported improved auto underwriting results and strong investment returns for the 2020 fourth quarter. Net income was up 52 percent to $2.6 billion for the quarter compared to net ...
Property Cat Bond Placement Reaches Record in 2020 and Q4: Aon
Approximately $11 billion of property cat bond limit was placed in 2020, the highest on record, according to a new Aon report that projects the growth momentum will continue in 2021. While the year ...
Argo Faces $51M in Estimated Q4 COVID-19, Natural Catastrophe Losses
Argo Group International Holdings Ltd. estimates losses from fourth-quarter 2020 natural catastrophes and the COVID-19 pandemic will hit $51 million. Breaking down the overall total, Bermuda-based ...
Cyberscout to Be Acquired by Sontiq, an Identity Security Company
Cyberscout, a provider of cyber risk analytics for insurers and reinsurers via a proprietary platform, is set to be acquired. The new owner-to-be: Sontiq, an identity security company with a number ...
Chubb’s Q4 Net Income Jumped Partially From Commercial P/C Rate Hikes
Two key words for Chubb's 2020 fourth quarter turned out to be "significantly higher." Chubb's net income grew significantly higher, as did its net premiums written, which expanded by double digits ...
Tesla Will Recall 135,000 U.S. Vehicles Over Touch Screen Safety Concerns
Tesla Inc has agreed to recall 134,951 Model S and Model X vehicles with touchscreen displays that could fail and raise the risk of a crash after U.S. auto safety regulators sought the recall last ...
Climate Change Forcing Ocean Levels to Rise More Quickly Than Anticipated
Climate change is causing oceans to rise quicker than scientists' most pessimistic forecasts, resulting in earlier flood risks to coastal economies already struggling to adapt. The revised estimates ...
K2 Backs Reciprocral Exchange Seeking to Insure Florida Mobile Homeowners
Insurance services holding company K2 Insurance Services and New York based private equity firm Lee Equity Partners have formed American Mobile Insurance Exchange (AMIE), a reciprocal exchange that ...