KBRA Says Florida Insurers Will Weather the Storms; Cat Fund Can Handle Payouts November 1, 2024 By William Rabb Florida’s Hurricane Catastrophe Fund, a state-created layer of reinsurance, expects to pay out about $4.6 billion to help cover insurers’...
Allstate Says It’s Ready to Grow Homeowners Line With All 3 Distribution Channels November 1, 2024 By Chad Hemenway Allstate said it sees opportunity where others may not — in homeowners insurance. And the insurer plans to use all...
Retrial Begins in Civil Suit Against Contractor Accused in Abu Ghraib Prison Scandal November 1, 2024 By Matthew Barakat A military contractor accused of contributing to the abuse of detainees at Iraq’s Abu Ghraib prison two decades ago is...
Global Reinsurers’ ROE Jumps to 22% in 2023, but Market Softening Unlikely: AM Best November 1, 2024 By L.S. Howard AM Best’s population of global reinsurance companies posted a return on equity (ROE) of 22% in 2023 – a five-year...
Markets/Coverages: IQUW Launches Financial Institutions Product in Australia November 1, 2024 IQUW, the London-based property and specialty re/insurer, has announced that its financial institutions (FI) product, FortiFI, has launched new wording...
Ardonagh Advisory Agrees to Acquire Rowett Insurance Broking in UK November 1, 2024 Ardonagh Advisory announced it has agreed to acquire Rowett Insurance Broking Ltd. in the UK. Rowett specializes in commercial, and...
Ryan Specialty in Discussions to Acquire UK’s Innovisk Capital Partners November 1, 2024 Ryan Specialty, the Chicago-based specialty insurance services firm, announced it is in final discussions to acquire Innovisk Capital Partners from...
Kremlin Says Google Should Lift YouTube Block on Russian Broadcasters November 1, 2024 The Kremlin said on Thursday that Alphabet’s Google should lift its block on Russian TV channels broadcasting on YouTube and...
Bain-Backed Motor Insurer Esure Draws Interest from Aviva, Allianz November 1, 2024 By Pamela Barbaglia and Sonia Sirletti Aviva Plc and Allianz SE are among potential bidders for Britain’s home and motor insurance firm Esure Group Plc, according...
People Moves: Marsh Promotes Lang, Aronson, Rouse in Placement Strategy; Chubb Expands Merna’s Role to Include Multinational Clients November 1, 2024 Marsh Makes Global Senior Leadership Appointments Marsh, a business of Marsh McLennan, named Christopher Lang as digital leader, Marsh Specialty...