Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Allianz Enters Formal Negotiations to Buy Malaysia Car Insurer: Sources
Jan 29 2019 // Allianz Malaysia Bhd. has been chosen to progress in talks to acquire Malaysia’s second-biggest car insurer after edging out Japanese rival Mitsui Sumitomo Insurance Co., people with knowledge of the matter...
Oklahoma’s Mulready Asks Insurers to Assist Shutdown-Affected Policyholders
Jan 25 2019 // Oklahoma’s new insurance commissioner is encouraging insurance companies in his state to work with and assist policyholders affected by the partial federal government shutdown. In a bulletin to all insurance...
Bank Issues China’s First Perpetual Bond as Investment Restrictions on Insurers Eased
Jan 25 2019 // China’s fourth-largest lender on Friday issued the first-ever perpetual bonds by a Chinese bank, with yields at the low end of market expectations after new policies to support their issuance boosted market...
Anbang Insurance Assets for Sale Include Manhattan Building, Health Insurer, Hotels
Jan 25 2019 // Anbang Insurance Group Co., which symbolized the era of mega-acquisitive Chinese companies that later had to reverse their buying binges, is continuing to whittle down its empire. The Beijing-based conglomerate is...
Progressive Takes Aim at Multi-Line Insurers
Jan 25 2019 // With much of the property/casualty insurance industry’s attention focused on external threats from insurtechs and digital native companies, perhaps the greatest disruption is coming from within. Following the last...
Delaware Licensed 46 Newly Formed Captive Insurers in 2018
Jan 24 2019 // In 2018, Delaware licensed 46 newly formed captive insurers despite a challenging environment, according to Delaware Insurance Commissioner Trinidad Navarro in a press release issued by the Delaware Insurance...
Insurers Advised Political Volatility, Economic Slowdown, Floods Among Top Risks
Jan 24 2019 // As insurers track both old and new risks heading into 2019, here’s one that carriers don’t typically consider: The White House. David Wessel, director of The Hutchins Center on Fiscal and Monetary Policy, cited...
Private Flood Insurers Not Yet Ready to Fill Massive U.S. Protection Gap
Jan 24 2019 // The flood insurance protection gap in the United States is massive, but the take-up rate of private flood insurance continues to be low. The relative inability of private insurers to penetrate the flood insurance market...
Insurance Industry Use of Drone, Aerial Imagery Soared After 2018 Southeast Disasters
Jan 24 2019 // The importance of drones and aerial imagery rose to a new level in the wake of 2018 natural catastrophes as insurers made them an integral part of their disaster recovery procedures, particularly following the hurricanes...
Texas Sunset Board: Legislature Needs to Decide Nature of Windstorm Insurer
Jan 23 2019 // To be the insurer of last resort for wind and hail insurance along the Texas coast, without state support and reliant on premium dollars and debt financing for funding, or to be a true insurance company that derives...
Industry Trends to Exploit for 2019
Jan 21 2019 // It is time to take out our crystal ball and plan for 2019 and how our insurance industry will be impacted by the trends around us. Those that consider these changes, and plan ahead, will usually be in a better position...
Wildfires, Dynamex Dominate California Wholesaler Conference
Jan 21 2019 // Wildfires and the Dynamex decision dominated discussions at an insurance wholesaler conference in early January. The California Wholesaler Association conference in La Jolla, Calif., from Jan. 6 to Jan. 8 featured numerous...
P/C Insurers Pulled Off Underwriting Turnaround in First 9 Months
Jan 18 2019 // Private U.S. property/casualty insurers reported a $4.7 billion net underwriting gain in nine-months 2018, a sharp turnaround from a $21.0 billion net underwriting loss a year earlier. The results were helped by a rare...
Severe Weather in Canada Cost Insurers C$1.9 Billion in 2018: IBC
Jan 17 2019 // Insured damage from severe weather events across Canada reached C$1.9 billion (US$1.4 billion) in 2018, according to the Insurance Bureau of Canada (IBC), quoting statistics from Catastrophe Indices and Quantification...
Germany, China Discuss Ways to Improve Market Access for Insurers, Banks
Jan 17 2019 // Germany and China are working on ways to improve market access for each other’s banks and insurers, the German finance minister said on Thursday, and he welcomed plans by China and the United States to ease trade...
AAIS Adds Carrier, Regulator Reporting Features on Blockchain Platform
Jan 16 2019 // AAIS (American Association of Insurance Services), a not-for-profit insurance advisory organization, has added additional features to its openIDL blockchain platform, including: improved data call transparency and...
Michigan’s AF Group Promotes 5 in Leadership Positions
Jan 15 2019 // Lansing, Michigan-based AF Group has promoted five in key leadership positions across the organization. Abel Travis has been promoted to vice president, Underwriting & Product Innovation. Prior to joining AF Group in...
2019 Cyber Insurance Predictions: Strong Drivers for Growth Ahead
Jan 15 2019 // Cyber insurance is trending upward, the industry is growing, and the technology around it is evolving at a very quick pace. While predictions are always hard to make, here are five trends that are likely to catapult the...
Hedge Fund Baupost Reported to Hold $1 Billion in PG&E Insurance Claims
Jan 14 2019 // Seth Klarman’s Baupost Group has been the poster child of the hedge fund industry’s ill-timed stock-market bets on the troubled utility PG&E Corp., which announced plans for bankruptcy. It turns out,...
California Comp Insurers Won’t See Insurance Guarantee Assessment, a First in 20 Years
Jan 14 2019 // California worker’s compensation insurers and their customers are getting a bit of a break this year. The California Insurance Guarantee Association won’t be collecting its annual assessment on 2019...
