Specialty insurer ProSight Global announced the pricing of the initial public offering (IPO) of 7.8 million shares of common stock at a price to the public of $14.00 per share. The shares are expected to begin trading on the New …
Global insurer Chubb’s saw its net income dip slightly and its P/C combined ratio nudge higher during the 2019 second quarter, but price increases led to solid premium gains. “This quarter was about growth and pricing and we have good …
Global insured losses from natural disasters during the first half were estimated at US$20 billion, which is 26% lower than the H1 average of US$27 billion seen during the years 2000-2018, according to Aon’s “Global Catastrophe Recap: First Half of …
Allergan Plc said on Wednesday it was recalling its Biocell textured breast implants and tissue expanders across markets, citing concerns over a rare form of cancer, after the U.S. health agency asked the drugmaker to pull the products. The Food …
Aon has appointed Vincent Barrett as regional managing director EMEA for its Captive & Insurance Management business. In his new role, he will serve as account chair on numerous complex global client accounts and lead the captive business development team …
French reinsurer SCOR, which was the target of a failed takeover attempt last year, said its net profit for the second quarter rose 62% from the same period a year ago, helping the company meet financial targets it set three …
Bulgaria has detected another outbreak of African swine fever at a pig breeding farm near the north eastern city of Ruse, after the deadly virus was discovered earlier this month, the food safety agency said on Wednesday. That was the …
HDI Global Specialty SE has strengthened its position in Sweden with the acquisition of alternative specialty lines managing general agent, Svedea AB. Svedea is one of the three largest insurers of yachts, motorcycles and snowmobiles in the Swedish market, with …
Boca Raton, Fla.-based Nsure.com has launched an online, digital home and auto insurance agency in Florida that offers comparison quotes from more than 25 insurers. The new, fully-licensed company’s technology gives instant quote comparisons through a user-friendly digital platform that …
A North Carolina university is asking a federal judge to dismiss a lawsuit stemming from a fatal shooting on its campus in 2018. The Winston-Salem Journal reports that Wake Forest University is disputing the allegations lodged by Jemel Dixon, the …
