Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Massachusetts’ A.I.M. Mutual Insurance Companies Hires Pitruzzello
Jun 17 2020 // Burlington, Mass.-based A.I.M. Mutual Insurance Companies has hired Glen Pitruzzello as director of Claim, responsible for claim operations throughout New England. In this capacity, he reports to President and CEO Michael...
When UK Firms Transfer Pension Obligations to Insurers, They See Share Boost: Report
Jun 17 2020 // Most London-listed companies that transferred pension obligations to insurance companies saw their share prices rise by up to 3% more than sector peers in the six months after completing the deals, a report showed on...
UK Insurers Cite Swedish Example in Bid to Dodge Coronavirus Biz Income Payouts
Jun 17 2020 // Insurers are set to argue against paying out fully on claims made by businesses forced to shut because of the pandemic, saying that shops in Sweden lost money even without a strict lockdown. The strategy was raised at the...
Lighthouse Completes Merger with Florida’s Prepared Insurance Co.
Jun 17 2020 // Lighthouse Property Insurance Corp. has completed its previously announced merger plans with sister carrier, Prepared Insurance Co. Lighthouse will assume the Prepared portfolio and write directly in the state of Florida,...
Swiss Re-Backed Nigerian Life Insurer Sees Sales Surge as Pandemic Starts Taking Hold
Jun 16 2020 // Nigeria’s biggest insurer is seeing more demand from the government and employers of health workers for life cover as the coronavirus pandemic starts taking hold in Africa’s most populous country. “Health...
Reassuring Customers Part of Job for Minnesota Agent in Aftermath of Riots
Jun 15 2020 // Dan Gutlovics did a lot of virtual hand holding during the first days of the violent protests in Minneapolis and St. Paul following the death of George Floyd while in the custody of Minneapolis police on May 25. Gutlovics,...
Hiscox Action Group Launches £40M Arbitration Claim for COVID Biz Interruption Dispute
Jun 15 2020 // The law firm that represents the Hiscox Action Group has commenced an arbitration against Hiscox Insurance for non-payment of business interruption insurance totaling £40 million ($50 million). The action group, composed...
UK Insurer Admiral Weighs Sale of Price Comparison Platform
Jun 15 2020 // UK car and home insurer Admiral Group Plc is considering a potential sale of its price comparison platform Penguin Portals, according to people familiar with the matter. The FTSE 100 company is working with boutique...
UK Insurer LV= Attracts Bidders Including Phoenix, Cinven: Sources
Jun 15 2020 // UK insurer Liverpool Victoria has attracted interest from rivals including Phoenix Group Holdings and private equity firm Cinven Ltd., according to people familiar with the matter. Fellow mutual insurer Royal London,...
The Debate Between Business Owners, Insurers Over Business Interruption Claims Continues
Jun 15 2020 // As the insurance industry faces litigation and questions over virus-related claim denials, it could soon be dealing with another business income hurdle due to the civil unrest that has taken place in many U.S. cities...
Some Question Insurers’ Estimates of Coronavirus Business Interruption Claims
Jun 12 2020 // U.S. property and casualty insurers have cast the coronavirus pandemic as an unprecedented event whose massive cost to small businesses they are neither able nor required to cover. The industry has warned it could cost...
Insurers Distance Themselves from Disputed Australia Coal Project as Backlash Grows
Jun 12 2020 // Global insurance companies linked to Adani’s Carmichael coal mine in Australia are distancing themselves from the controversial development, as pressure mounts on financial institutions to cut their ties to the...
New Insurer Astaara Focuses on Protecting Maritime Industry from Cyber Risks
Jun 12 2020 // A new insurance services business, called Astaara Company Ltd. (ACL), has been launched to protect maritime companies from cyber threats Offering risk management, underwriting and analytics, London-based Astaara will work...
Do Auto Insureds Prefer Insurer Websites Over Agents? J.D. Power Thinks So.
Jun 11 2020 // Remember all the talk that digital transformation would disrupt the auto insurance industry? Well, it’s real, according to the consultants at J.D. Power. The firm says its 2020 U.S. Auto Insurance Study proves that...
Fusner Named Chief Underwriting Officer at AF Group in Michigan
Jun 11 2020 // AF Group in Lansing, Michigan, has appointed Kelly Fusner as its new chief underwriting officer (CUO). Fusner will lead the strategic underwriting efforts for the organization, providing innovative expertise that will...
Colorado Insurer Group Calls out Bill Targeting Businesses to Make-up for Budget Shortfall
Jun 10 2020 // Colorado lawmakers are putting thousands of jobs at risk with a proposal that would repeal Colorado’s Regional Home Office Insurance Premium Tax Credit, an insurer group is charging. HB20-1420 will have significant...
Cryptoasset Insurer Evertas Receives License to Operate in Bermuda
Jun 10 2020 // Cryptoasset insurer Evertas has received a license from the Bermuda Monetary Authority to start operating from the jurisdiction. Evertas’ operations in Bermuda will now aim to start issuing policies for theft or loss...
Lloyd’s Insurer Lancashire Holdings Raises US$352M to Target Hard Market Opportunities
Jun 10 2020 // Lancashire Holdings Ltd. has completed an equity capital raise of approximately £277 million (US$352 million) through the placement of new common shares. The Lloyd’s insurer said it intends to use the proceeds of...
New York’s ReSource Pro Hires Jain as Carrier Practice Leader
Jun 10 2020 // ReSource Pro has hired Anuj Jain as its Carrier Practice leader. In this role, Jain will be responsible for developing operational solutions for insurance carriers and accelerating ReSource Pro’s growth in the...
Florida Supreme Court Suspends Attorney Behind Thousands of Insurer Lawsuits
Jun 10 2020 // The Florida Supreme Court has granted an emergency request by The Florida Bar to immediately suspend an attorney who, with his firm, has filed thousands of assignment of benefit and first party lawsuits against Florida...
