PrimeOne Insurance Co. in Utah Has Ratings Outlooks Revised to Stable November 25, 2020 AM Best has revised the outlooks to stable from negative and affirmed the Financial Strength Rating of B+ (Good) and...
California Regulator Raising Concern with PG&E’s Wildfire Safety Measures November 25, 2020 The California Public Utilities Commission has raised concerns over certain deficiencies that it says could affect PG&E Corp.’s ability to...
Brokerslink, Swiss Re Collaborate on Int’l Program Administration Platform November 25, 2020 Global broking business Brokerslink has launched a dedicated international insurance programme management platform to drive the continued growth and digitalization...
UK Insurer and Roadside Recovery Firm, AA Plc, Accepts Private Equity Offer November 25, 2020 British roadside recovery company AA Plc agreed a sale to private equity groups Warburg Pincus International and TowerBrook Capital Partners...
COVID-19 Vaccines Could Be Sent to States Within 24 Hours of FDA’s OK: Official November 25, 2020 The first Americans could receive a COVID-19 vaccine as soon as Dec. 11, the chief scientific adviser for the U.S....
Third Point Re and Sirius Group Get Shareholder Nod for $788M Merger November 25, 2020 Third Point Reinsurance Ltd. and Sirius International Insurance Group Ltd. announced that their respective shareholders have voted to approve the...
SCOR CEO Expects Double-Digit Reinsurance Rate Hikes in January Renewals November 25, 2020 Reinsurance rates are likely to rise in the double-digit percentage point range at key contract renewals in January, Denis Kessler,...
Rawlins to Become CEO of Shelter Mutual as Moore to Retire November 25, 2020 Shelter Insurance announced that Randa Rawlins would become Shelter Mutual Insurance Co.’s next president and CEO, effective Jan. 1, 2021,...
University of Pennsylvania Vows $100M to Fix School Building Hazards November 25, 2020 The University of Pennsylvania has announced that it will contribute $100 million to the School District of Philadelphia over the...
Hippo Gets $350M Investment, Reinsurance Treaty From Mitsui Sumitomo November 25, 2020 Hippo Enterprises, an MGA insurtech focused on homeowners insurance, secured a $350 million capital investment designed to help fuel further...