Artificial Intelligence, IoT Startups Gaining in Global Insurtech Funding March 31, 2017 Investing in technology-oriented insurance ventures (insurtech) is clearly a global trend and almost half of all the money being poured...
Personal Auto Rate Hikes Not Keeping Up with Losses: Fitch March 30, 2017 U.S. personal auto underwriters increased premium rates “significantly” in 2016. But here’s the thing: it wasn’t enough. Loss trends are...
Delmarva Petroleum Worker in Delaware Seriously Hurt in Explosion March 30, 2017 A worker at Delmarva Petroleum in Lincoln, Del., nearly died after fire from a chop saw ignited an explosion. The...
First Domestic Run-Off Insurance Carrier Granted License by Rhode Island March 30, 2017 ProTucket Insurance Company has become the first Rhode Island domestic insurer to be formed specifically for providing run-off portfolio transfer...
MassMutual Southern and Northern New England Merge with CFG March 30, 2017 MassMutual Southern New England in Warwick, R.I., and MassMutual Northern New England in Bedford, N.H., have merged with Commonwealth Financial...
XL Catlin Taps SCOR’s Ennadifi as Senior U/W, Structured Risk Solutions March 30, 2017 XL Catlin’s insurance operations announced the appointment of Isa Ennadifi as senior underwriter, Structured Risk Solutions (SRS). She is based...
AIG Enhances Motor Fleet Claims Service, Harnessing Cloud-Based Technology March 30, 2017 AIG UK announced it has entered into a partnership with VUEcloud Ltd., a UK software technology provider to the commercial...
Superyacht Specialist Yachtpod to Underwrite on Castel’s MGA Platform March 30, 2017 Yachtpod Risk Partners has launched as an underwriting cell on the Castel Underwriting Agencies Ltd.’s MGA formation platform to offer...
Lloyd’s Reports £2.1B ($2.6B) Profit for 2016, Unchanged from 2015 March 30, 2017 Lloyd’s reported 2016 pretax profit of £2.1 billion pounds ($2.6 billion), level with 2015, despite a worsening of the market’s...
Markel International’s Trade Credit Team Opens for Business in Canada March 29, 2017 Markel International, the specialist insurer and subsidiary of Markel Corp., is aiming to develop its trade credit and political risk...