Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Italian Insurer Cattolica Says Its Board Views Generali Takeover Offer as Fair
Sep 29 2021 // Italian insurer Cattolica said on Tuesday that its board considers that bigger rival Generali’s takeover offer for it is at a fair price. Generali, Italy’s largest insurer, earlier in May said it would launch a...
Climate Change Ranks as Top Concern for Insurers, Replacing Pandemic
Sep 29 2021 // Climate change has returned to the top of the list of insurers’ biggest concerns as the vaccine roll-out and gradual lifting of health restrictions see pandemic fears ease in many countries. Global warming was ranked...
Hong Kong Tycoon Richard Li’s Insurer FWD Makes U.S. IPO Filing Public
Sep 24 2021 // Insurance company FWD Group Holdings Ltd., owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year. The insurer,...
Evergrande’s Problems Prompt China’s Banks, Insurers to Pull Back on New Credit
Sep 24 2021 // SHANGHAI/BEIJING – As fears of contagion from any default by China Evergrande Group mounted this month, some Chinese banks, insurers, and shadow banks stopped offering new credit to property developers, and ran urgent...
People Moves: Insurer Aviva Names Montague, Cummings to Exec Committee; Wood to Launch Captive Operation for Price Forbes Bermuda; Wagstaff Is CEO of LMG
Sep 24 2021 // This edition of International People Moves details appointments at UK insurer Aviva, broker Price Forbes Bermuda and the London Market Group. A summary of these new hires follows. Aviva Strengthens Exec Committee with...
Russia’s Largest Online Insurer Weighs Acquisitions Ahead of Possible IPO
Sep 23 2021 // Renaissance Insurance, Russia’s largest online policy provider, is trawling the country’s traditional insurers for acquisition targets as it prepares for a possible initial public offering. RenIns — which...
EU Plans to Ease Capital Rules for Insurers to Provide €120 Billion Economic Boost
Sep 22 2021 // The European Union proposed changing the bloc’s capital rules for insurers on Wednesday to release 120 billion euros ($141 billion) for repairing an economy hit by COVID and to meet climate goals without eroding...
In Changing Housing Market, Home Insurers Struggle with Customer Loyalty: Study
Sep 22 2021 // Home insurers have struggled to develop products and services designed to maximize customer lifetime value for the growing population of baby boomers migrating from home ownership to renting, a new study by J.D. Power,...
Stanford Ponzi Scheme Recovery Tops $1 Billion With Help From Insurers
Sep 21 2021 // A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford’s Ponzi scheme, the largest by dollar amount other than Bernard Madoff’s fraud, the receiver’s...
Cover Whale Partners With E&S Insurer Everspan to Offer Commercial Trucking
Sep 20 2021 // Cover Whale Insurance Solutions Inc., a Rancho Santa Margarita, Calif.-based insurtech, is partnering with excess and surplus lines insurer Everspan Indemnity Insurance Co., to offer a commercial trucking insurance...
UK Insurers Cautiously Willing to Underwrite Fire Safety Risks for High-Rise Recladding Projects: Survey
Sep 20 2021 // Insurers have revealed a cautious willingness to underwrite fire safety risks on new projects to remove defective cladding from high rise buildings. Around two-thirds of respondents to a survey by the International...
Speciality Re/Insurer Convex Launches European Subsidiary With A- Rating From S&P
Sep 20 2021 // Convex Group Ltd. announced the launch of a Luxembourg-based European insurance entity, Convex Europe SA (CES). Convex received regulatory approval on Sept. 15, 2021 from the Luxembourg regulator, the Commissariat aux...
Insurers Ordered to Pay Louisiana Policyholders’ Ida Evacuation Expenses
Sep 20 2021 // Louisiana’s top insurance regulator on Sept. 7 directed insurance companies pay policyholders’ Hurricane Ida evacuation expenses. Directive 218, issued by Insurance Commissioner Jim Donelon, requires insurers...
E&S Insurer Ategrity Raises $75M, Plans Further Expansion
Sep 16 2021 // Ategrity Specialty Insurance Co. sad it has completed a $75 million capital raise led by Sequentis Financial LLC to support its continued growth. Ategrity is a Scottsdale, Arizona-based specialty property/casualty...
P/C Mutual Insurers Continued to Grow Premiums in 2020 Despite Givebacks
Sep 15 2021 // U.S. P/C mutual insurance companies held their own in 2020 despite returning significant levels of premiums during the pandemic. In fact, net premiums written grew by 1.4 percent even with all the givebacks, according to a...
Canada Permits TC Energy to Keep Insurers Secret From Pipeline Activists
Sep 15 2021 // TC Energy Corp. is the latest Canadian pipeline company allowed to keep its insurers confidential as activist groups push firms to drop business with the fossil fuels industry. The Canada Energy Regulator ruled that the...
Insurers in Louisiana Could Be Fined for Refusal to Cover Ida Evacuation Expenses
Sep 14 2021 // Insurance companies could face fines or be suspended from doing business for refusing to comply with Louisiana Insurance Commissioner Jim Donelon’s order to cover the temporary living expenses of policyholders who...
New Jersey Regulator Asks Insurers to Work with Customers Affected by Ida
Sep 13 2021 // The New Jersey Department of Banking and Insurance (DOBI) issued a bulletin urging entities regulated by the department to work with and assist customers who have been adversely affected by Tropical Storm Ida. “New...
Insurers, Banks See London Remaining a Leading Financial Center
Sep 13 2021 // London will remain a leading global financial center despite uncertainty over regulation due to Brexit, Lloyds Bank’s annual sentiment survey of financial firms showed on Monday. Britain fully left the European...
Louisiana Orders Insurers to Pay Hurricane Ida Evacuation Expenses
Sep 9 2021 // Louisiana’s top insurance regulator on Sept. 7 directed insurance companies pay policyholders’ Hurricane Ida evacuation expenses as damaged infrastructure and dangerous living conditions in Southeast Louisiana...
