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Tokio Marine to Grab PURE Group in $3.1B Deal

Tokio Marine Holdings Inc will buy insurer PURE Group for about $3.1 billion, it said on Thursday, marking its fourth sizable acquisition in the United States in a little over a decade. Japanese ...

Chamness Retiring From NAMIC CEO Role

The National Association of Mutual Insurance Companies announced that Charles Chamness, the chief executive officer of the organization, is retiring from the post he held for nearly 17 years. The ...

New CEO Levinson on Rebuilding Lexington Insurance

Success for a specialty lines carrier is about discipline. It's about walking away from classes of business or lines of business when rates are no longer adequate. It's about having the courage to ...

GL Will Be Next Line to Harden, Berkley Says

The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference Wednesday. Speaking at the ...

Risk Alert: Is Water Making Us Fat?

Drinking water: a commodity so abundant in modern society that we rarely give it much thought. At least until recently with two dramatic discoveries. First, the discovery of lead-contaminated water ...

Parametric Insurance Takes Off

Now that property and casualty insurance coverage terms for business disruption losses are gradually tightening, a singular insurance product used primarily to protect businesses against ...

Executives On The Move at AmTrust and BHSI

AmTrust Financial Service's E&S unit launched its new excess casualty underwriting division and has hired a former Everest Reinsurance Division to lead it. An ex-RSA executive will lead Bershire ...

Practical Ways to Make InsurTech Work: ITC Panel

InsurTech is grabbing the attention of carriers and agencies alike, but the level of change it promises also causes anxiety. At the 2019 InsureTech Connect Conference in Las Vegas on Sept. 25, ...

Rethinking the Limits of Parametric Insurance

It's time to rethink the limits of parametric insurance. The concept behind parametric insurance is not new. Insurance payouts automatically triggered by an event exceeding an index level have ...

Ways for Insurers to Master the Art of Innovation

Insurance industry conversations about digitalization have noticeably shifted. A growing number of carriers now see InsurTechs not as existential dangers to their business models, but rather as ...

Next Insurance Makes Room for Agents After All

Next Insurance has begun formally marketing a portal designed to help independent agents quickly quote and sell its policies. Next said the system, dubbed "Next for Agents," had been in beta testing ...

Executives On The Move at AIG and DataCubes

American International Group hired an outside executive to lead a division that serves institutional clients in areas including global fixed income securities and the derivatives markets. DataCubes, ...

Innovating at the Edges of Society and the Economy

Emerging risks with little or no claims history can be notoriously difficult to underwrite—but many specialty lines companies are finding ways to put their toes in the water to insure these new ...