Rating Agency Warns P/C Insurers on Taking On Too Much Cyber Risk March 21, 2016 By Andrew G. Simpson If they are not careful, property/casualty insurers could jeopardize their credit ratings with their expansion into standalone cyber insurance, a...
New Chubb’s O’Brien Traverses High Wire of Integrating High Net Worth Businesses March 21, 2016 By Andrew G. Simpson Its acquisition of Fireman’s Fund’s business in April, 2015 provided ACE Ltd. with an idea of what’s involved in integrating...
The Hartford Expands E&S Capabilities with Acquisition of Maxum Specialty March 17, 2016 By Andrew G. Simpson The Hartford has agreed to purchase Northern Homelands Co., the holding company of excess and surplus lines insurer Maxum Specialty...
2 Instech Startups Target Small Business Insurance Market March 15, 2016 By Andrew G. Simpson Small business insurance providers will soon have two new competitors from the technology world. Next Insurance, an online shopper for...
What About Cuba as an Insurance Market? March 15, 2016 By Andrew G. Simpson There may be opportunities for some businesses including insurers in Cuba as the U.S. restores diplomatic ties but there are...
Liberty Mutual Profit Fell 70% in 2015 March 4, 2016 By Andrew G. Simpson Liberty Mutual Insurance saw profits fall for the fourth quarter and full year 2015 due to higher catastrophe and energy-related...
House Committee Passes Private Flood Insurance Bill March 2, 2016 By Andrew G. Simpson The House Financial Services Committee this morning approved a proposal intended to encourage more private insurers to write flood insurance....
MassMutual Agrees to Buy MetLife Retail Adviser Network for $300M February 29, 2016 By Andrew G. Simpson Massachusetts Mutual Life Insurance Co. agreed to buy MetLife Inc.’s adviser-force business and affiliated broker-dealer for about $300 million. Massachusetts...
BB&T to Buy Swett & Crawford for $500M February 24, 2016 By Andrew G. Simpson Three months after it announced it would sell its North American operations, U.K.-based wholesale and reinsurance broker Cooper Gay Swett...
Startup Lemonade Bets Behavioral Science Can Help Insurance Not Suck February 24, 2016 By Andrew G. Simpson A company that openly berates the current insurance industry as one that sucks believes that adding behavioral science to the...