Liberty Mutual Reports 46% Hike in Q3 Net Income Despite Catastrophe Losses November 6, 2020 Liberty Mutual Holding Co. Inc. has reported a 46% increase in net income during the third quarter, despite elevated catastrophe...
AIG’s Profit Slumps on Q3 Catastrophe Losses November 6, 2020 American International Group Inc reported a slump in third-quarter profit on Thursday, hurt by losses related to storms, wildfires and...
Q3 Global Commercial Insurance Pricing Rockets 20% Higher: Marsh November 6, 2020 Global commercial insurance pricing rocketed 20 percent higher on average in the 2020 third quarter, driven largely by rate hikes...
Allianz Reports Unexpected Increase in Q3 Net Profit of 6% November 6, 2020 German insurer Allianz on Friday declined to provide a forecast for 2020 given uncertainty around the COVID-19 pandemic, despite delivering...
Lawsuit Against Police Department in Hawaii Settled for $1.84M November 6, 2020 An assistant chief of police in Kauai settled a lawsuit against his department and Kauai County for $1.84 million. Mark...
California Issues Moratorium on Insurers Non-Renewing or Cancelling Following Wildfires November 5, 2020 California Insurance Commissioner Ricardo Lara on Thursday announced a mandatory one-year moratorium on insurance companies non-renewing or cancelling residential property...
Arthur J. Gallagher & Co. Buys Australia’s Effectus Consulting Pty Ltd. November 5, 2020 Arthur J. Gallagher & Co. announced the acquisition of Brisbane, Queensland-based Effectus Consulting Pty Ltd. Terms of the transaction were...
Coverys European Holdings Subsidiary Acquires Lloyd’s Italian Coverholder Gava November 5, 2020 AEC Wholesale Group, a subsidiary of Coverys European Holdings (CEH), announced the acquisition of Gava S.R.L, a Lloyd’s coverholder based...
AXIS Insurance Hires 6 Underwriters for Cyber and Technology Team November 5, 2020 AXIS Insurance, the specialty insurance business segment of AXIS Capital Holdings Ltd., announced the hiring of three lead underwriters and...
Newfront Insurance in California Adds Tennis in Employee Benefits November 5, 2020 Newfront Insurance in San Francisco, Calif., has named Dana Tennis a principal and employee benefits producer. Tennis was previously with...