Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Q2 Report: P/C Insurers’ Direct Premium Written Up 3.6 Percent
Oct 24 2016 // Direct premium written (DPW) for property/casualty insurance companies continues to increase, albeit gradually. At year-end 2015, approximately $585 billion DPW was reported, a record-high. For 2015, total DPW for all P/C...
Western Insurers Slowly Re-Enter Deals with Iran – a Market Valued at $9B
Oct 21 2016 // Western insurers are slowly reaching deals with Iran as they seek to re-enter a multi-billion dollar market although the pace of business is hampered by banking restrictions 10 months on from the lifting of international...
Could More State Commissioners Require Climate Disclosure?
Oct 20 2016 // Max Messervy took a decidedly positive tack when pried again and again to reveal any negative reaction to a report he puts together every so often. Messervy, the insurance program manager at sustainability leadership...
Fast-Growing Insurance Matchmaker EverQuote Raises $23 Million
Oct 20 2016 // Digital insurance matchmaker EverQuote Inc. reports that it closed a $23 million Series B investment led by Maryland-based Savano Capital Partners, with participation from Stratim Capital, Oceanic Partners and T Capital...
More Insurers Disclosing Climate Change Risks, Report Shows
Oct 20 2016 // Insurers in the U.S. are increasingly willing to disclose their risk management practices related to climate change, and that in part may be attributable to last year’s global accord in Paris and shifting attitudes...
UK Specialist Insurer JRW Group Appoints Williams as Executive Chairman
Oct 20 2016 // Paul Williams, former Thistle Insurance Services managing director, is set to join The JRW Group* as executive chairman, subject to regulatory approval. His appointment to this newly formed role comes at a time when the...
Auto Claims Startup Snapsheet Attracts $20 Million in Funding
Oct 18 2016 // Liberty Mutual and USAA are among the backers behind of Snapsheet, a startup that is developing virtual auto claims technology and services that recently closed on $20 million in new financing. Snapsheet disclosed the...
A.M. Best: Damage From Hurricane Matthew Won’t Affect Most Insurer Ratings
Oct 18 2016 // A.M. Best does not anticipate a significant number of rating actions related to Hurricane Matthew, as most rated insurance carriers have sufficient capital and appropriate reinsurance programs in place to effectively...
New California Workers’ Comp Law on Excluded Employees Causing Headaches
Oct 17 2016 // In advance of a possible headache brewing for workers’ compensation providers, California Insurance Commissioner Dave Jones on Monday notified all workers’ comp insurers writing policies in the state about...
Insurers Take Risk in Not Growing Technology Budgets in Age of Disruption: Novarica
Oct 17 2016 // Despite the increased challenges facing insurers from new technology-enabled competitors, insurers’ 2017 information technology budgets look a lot like those of prior years, according to consulting firm...
10 Takeaways from the Future of Insurance and InsureTech Connect Conference
Oct 17 2016 // You’ve probably heard. There is tremendous investor interest right now in technology-first insurance startups, or insurtech firms. The first InsureTech Connect Conference in Las Vegas in early October attracted an...
Chubb, Assurance, American Financial Tops in P/C Insurer Performance: Fitch Rating
Oct 14 2016 // Niche property/casualty insurer Assurant Inc., diversified multi-line writer The Chubb Corp. and specialty commercial lines insurer American Financial Group Inc. are ranked the top three performers over the most recent...
U.S. Adjustments to Rules on Tax Inversions Include Exemption for Insurers
Oct 14 2016 // The U.S. Treasury Department softened new rules aimed at preventing multinational companies from shifting their profits offshore to lower-tax countries — a response to sustained criticism from big business and from...
Hurricane Matthew May Be Gone, But Insurance Industry’s Work is Just Starting
Oct 14 2016 // It’s been nearly a week since Hurricane Matthew ravaged the Southeast coast but the insurance industry’s job of responding to the devastation and assessing the total cost of damage from the storm is just...
Car Insurer Hagerty Opens its First U.S. Regional Office in Colorado
Oct 13 2016 // Hagerty has opened its first U.S. regional office in Golden, Colo. McKeel Hagerty, CEO of Hagerty, said Golden was chosen because it has a diverse workforce, friendly business environment and proximity to a major...
Swiss Re Corporate Solutions & Bradesco Seguros Agree to Form Brazilian Large-Risk Insurer
Oct 13 2016 // Swiss Re Corporate Solutions Ltd. and Rio de Janeiro-based Bradesco Seguros S.A.* have signed definitive agreements under which Bradesco Seguros will contribute its commercial large-risk portfolio to Swiss Re Corporate...
Startup P2P Insurer Lemonade Reveals How First 48 Hours of Business Went
Oct 10 2016 // Lemonade, the peer-to-peer insurtech startup that launched only a few weeks ago on Sept. 21 selling renters and homeowners insurance in New York, sold 142 policies and generated $14,300 in gross written premium in its...
Hurricane Matthew More Hype Than Bite So Far But Insurers, Agents Remain on Alert
Oct 7 2016 // While Hurricane Matthew rages along Florida’s coast, with the end potentially still hours away, the insurance industry seems to be breathing a sigh of relief, thus far. As of Friday morning, Matthew seemed to have...
Fitch: Matthew Losses Manageable for Florida Property Insurers
Oct 7 2016 // Hurricane Matthew will pressure the earnings of some insurance underwriters in Florida and other southeast states but is not expected to present a major capital challenge, Fitch Ratings says. Fitch estimates that if the...
Japan’s Cash-Flush Insurers to Keep Paying Hefty Prices for Overseas M&As
Oct 7 2016 // Japan’s cashed-up insurers are likely to keep paying hefty premiums for overseas assets as they seek to spur growth and overcome negative interest rates, fewer lucrative investment options and a fast-maturing market...
