U.S.
Aon Completes $475M Agreement to Acquire The Townsend Group
Insurance brokerage and consultant Aon has completed its $475 million acquisition of The Townsend Group, a global investment management and advisory services firm focused on real estate and real ...
Widespread Reinsurance Price Hikes Unlikely Even After Record 2017 Catastrophe Losses: Willis Re
The estimated $136 billion in catastrophe loss estimates for 2017 is one for the record books. But resulting, widespread reinsurance price hikes in 2018 aren't likely, Willis Re said in a new report. ...
15 Nasty Weather Events Through October 2017 Cost $1B or More Apiece
In the year that President Donald Trump pulled out of the Paris accord and downplayed global warming as a security threat, the U.S. received a harsh reminder of the perils of the rise in the planet's ...
Slowed iPhones Lead to Lawsuits, Apple Apology
Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users ...
While P/C Insurers Stand to Gain From Trump Tax Cuts, Reaction Not All Rosy
Many insurers and insurance agencies will gain big from the massive tax reform package passed by Congress just before Christmas. Many industry groups celebrated the bill's passage and its ...
QBE Settles Australia Class Action Suit Over Profit Warning for $103.2M
QBE Insurance Group Ltd. has agreed to pay $103.2 million to settle a shareholder class action in Australia. The class action was commenced by Money Max Interest Pty Ltd on Sept. 9, 2015 in the ...
Utica National Joins Billion-Dollar Direct Written Premium Club for First Time
Utica National Insurance Group has announced that it has become a billion-dollar company for the first time in its nearly 104-year history. The company surpassed $1 billion in direct written premiums ...
Carrier Management’s Top 10 News Stories of 2017
Carrier Management's top 10 2017 news stories involved some interesting industry developments. AmTrust had some accounting issues, since resolved, that drew significant reader interest. Former AIG ...