FEMA Renews $1.3 Billion Reinsurance Program with 28 Carriers January 31, 2019 By Andrew G. Simpson The Federal Emergency Management Agency (FEMA) has renewed for the third year a reinsurance program that transfers future catastrophic flood...
2 Markel CATCo Execs Leave After Reserves Inquiry Unveils ‘Personal Relationship’ January 22, 2019 By Andrew G. Simpson Markel Corp. has reported that Anthony Belisle, Markel CATCo chief executive officer, and Alissa Fredricks, Markel CATCo chief executive officer...
Insurance Agents Assured of Trump Pass-Through Tax Break Under Final Treasury Rule January 18, 2019 By Andrew G. Simpson The U.S. Treasury today issued final regulations and other guidance on a provision of the Tax Cuts and Jobs Act...
Learning by Doing and Undoing: Insurtech Pilots and Pivots January 4, 2019 By Andrew G. Simpson “If you can’t admit a failure, you’re not an entrepreneur. You are not a good business person. There’s nothing brilliant...
How Big Tech Flirted with Insurance in 2018 January 2, 2019 By Andrew G. Simpson The almost weekly headlines about insurers and venture capitalists investing in insurtechs and tech-savvy insurance startups sometimes blocked the view...
P/C Insurer Trade Groups AIA and PCI Agree on Merger, New Name Starting Jan. 1 December 27, 2018 By Andrew G. Simpson Members of the Property Casualty Insurers Association of America and the American Insurance Association have approved a merger that takes...
Insurance, Banking Groups Balk at Limits on Flood Insurance Operations During Shutdown December 27, 2018 By Andrew G. Simpson As indicated by a report by Insurance Journal over the holidays, the Federal Emergency Management Agency (FEMA) is limiting the...
President Signs Flood Insurance Extension But Government Shutdown Could Limit Operations December 22, 2018 By Andrew G. Simpson On Friday, December 21, 2018, President Trump signed into law a measure reauthorizing the National Flood Insurance Program until May...
AIG Arranges First CLO Deal Since Financial Crisis December 12, 2018 By Andrew G. Simpson American International Group Inc. has returned to the red-hot collateralized loan obligation market as an asset manager with its first...
What Insurers Want and Get from Insurtech Partnerships November 29, 2018 By Andrew G. Simpson Remember the scene in the 1989 movie When Harry Met Sally? During lunch with Harry at a deli, Sally very...