Underwriting & Pricing
Reinsurers Seek to Boost Returns Through Tailored Business
Reinsurer Swiss Re, usually involved in mega-deals on natural disaster coverage, is branching out on its own to do individually tailored schemes to boost returns, such as one in China to protect ...
The Latest Launches From Everest Insurance, Lloyd’s and Verisk’s Arium
Everest Insurance boosted its environmental coverage with a new policy form. Lloyd's teamed up with a modeling company to launch a tool that will help insurers and reinsurers model liability exposure ...
Amica Chief Steering Mutual Carrier Through Soft Market
The soft market hasn't gotten Robert A. DiMuccio down. DiMuccio, chairman, president and chief executive officer of Amica Mutual Insurance Co., sees growth opportunities for mutual carriers even in a ...
Confusing, Costly Cyber Policies Create Obstacles to Market Growth: Deloitte
Despite the rising profile of cyber risks, buyers have failed to widely embrace cyber coverage. At the same time, insurers generally have remained cautious about writing the coverage on a large-scale ...
State Farm’s Auto Underwriting Loss Soared to $7B in 2016; Profit Plunged
State Farm Mutual Automobile Insurance Co., the largest U.S. property-casualty insurer, said annual profit fell 94 percent on car insurance claims costs. Net income dropped to $400 million from $6.2 ...
XL Catlin Introduces Kidnap, Ransom and Extortion Endorsement for General Aviation
XL Catlin is offering a kidnap, ransom and extortion (KRE) crisis endorsement available with its general aviation coverage. With liability limits up to $1 million, the new KRE endorsement includes ...
IVANS Releases ‘Market Insights’ Index of Renewal Premium Changes
In conjunction with the recent introduction of some carrier-focused digital distribution tools, IVANS also unveiled "Market Insights," delivering an IVANS index of data on renewal premium changes to ...
Summer Weather Predictions Toughen With La Niña’s Demise
With the end of a Pacific La Nina and no clear signal of where ocean temperatures are heading, predicting spring and summer weather that will impact agriculture and energy markets just got a little ...