Transportation Insurer Lancer to Merge Into Core Specialty April 19, 2021 Commercial auto insurer Lancer Insurance Co. has agreed to merge with another specialty insurer, Core Specialty, where it will operate...
Arch Capital Estimates Q1 Catastrophe Losses Could Reach $190 Million April 19, 2021 Arch Capital Group Ltd. estimated a range of pretax catastrophe losses of $180 million to $190 million for the first...
Helix Underwriting to Write Excess Casualty, Forming Agency Agreement with Watford April 19, 2021 Helix Underwriting Partners Ltd., the Bermuda-based managing general agency, has expanded its agency platform into the excess casualty insurance segment....
China Launches 1st Class-Action Lawsuit as Regulators Vow to Fight Accounting Fraud April 19, 2021 SHANGHAI – China launched the country’s first class-action lawsuit against a listed company on Friday, targeting Kangmei Pharmaceutical Co, as...
P/C Insurers Need to Hike Key Commercial Rates Even More: A.M. Best April 19, 2021 The environment for many of the U.S. property/casualty (P/C) insurers lines remains competitive despite the need for rate increases for...
Arthur J. Gallagher Invests in Broker ACE via Partnership with Dubai’s MIG Group April 19, 2021 Arthur J. Gallagher & Co., the Rolling Meadows, Ill.-based broker, announced that it has agreed to a strategic partnership with...
SCOR Reports 4.3% Increase in Reinsurance Prices During April Renewals April 19, 2021 French reinsurer SCOR said it benefited strongly from continued improvements in pricing and terms and conditions, during the April 1,...
People Moves: Burkhart to Lead Michigan Big ‘I’; J.M. Wilson Promotes 3, Adds VanderMaiden April 19, 2021 Big ‘I’ of Michigan Jared Burkhart will be the next CEO of Big “I” Michigan (MAIA), the association announced. Burkhart...
Telehealth Care Could Lead to More Follow-Up Visits April 19, 2021 Even before the pandemic, people with minor urgent health needs had started to turn to companies that offer on-demand video...