Latest Carriers Headlines
All the headlines from our Carriers Topic Page, ordered by recency.
Insurers Expanding Franchises, Options in Florida
Oct 4 2021 // Two insurance companies announced expansions in Florida last week. Jacksonville-based We Insure Inc., an independent insurance franchise company, said it had opened the We Insure John Douglas Insurance agency in Panama...
People Moves: 1st Sustainable Insurer Names Foreman as Chair; Piiq and Gallagher Appoint Aerospace Execs; Optio’s Nuclear MGA Northcourt Hires Tetley as MD
Oct 4 2021 // This edition of International People Moves includes appointments at the first sustainable insurer, Parhelion; at brokers Piiq Risk Partners and Gallagher; and at Optio Group’s Nuclear MGA Northcourt. A summary of...
Allstate Completes Sale of Life Insurance Company of New York
Oct 4 2021 // The Allstate Corp. moved closer to its complete exit from the life insurance and annuity business with the closing of the sale of its Allstate Life Insurance Company of New York to Wilton Re for approximately $400...
In Changing Housing Market, Home Insurers Struggle with Customer Loyalty: Study
Oct 4 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,...
UK Insurer Aviva Completes Sale of French Business to Aéma for £2.8 Billion
Oct 1 2021 // UK insurer Aviva plc announced the completion of the sale of its French business to Aéma Groupe for £2.8 billion ($3.8 billion) in cash. The transaction was first announced on Feb. 23, 2021. Related: Allianz Completes...
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...
