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AM Best Maintains Negative Outlook on UK Non-Life Insurance Market

Apr 9 2021 // AM Best is maintaining a negative market segment outlook on the United Kingdom non-life insurance segment, citing economic uncertainty as a key headwind for UK non-life insurers. In addition, COVID-19-related lockdown...

Australia’s Regulator Weighs Limits on Life Insurers’ Exposure to Offshore Reinsurance

Apr 8 2021 // Australia’s insurance regulator on Thursday proposed to limit the exposure of life insurers to offshore reinsurers, given its lack of oversight of foreign players. The Australian Prudential Regulation Authority...

The Hartford Q4 Profit Dips Slightly on COVID Life Insurance Claims

Feb 5 2021 // Fourth quarter profit at The Hartford dipped slightly due in part to COVID-related group life insurance claims. Fourth quarter 2020 net income came in at $532 million, down 2% from fourth quarter 2019. Fourth quarter...

Allstate to Sell Life Insurance Company to Blackstone for $2.8B to Grow in P/C

Jan 27 2021 // The Allstate Corp. is selling Allstate Life Insurance Co. to entities managed by investment firm Blackstone for $2.8 billion. Explaining the move from Allstate’s perspective, Allstate CEO Tom Wilson referred to a...

Federal Reserve Raises Questions Over Life Insurers’ Risk of Coronavirus Claims

Nov 17 2020 // U.S. life insurers face questions about their ability to cover a sudden rush of claims after the Federal Reserve highlighted liquidity and leverage risks in a report this week. Issues the Fed focused on are not new: Life...

Home, Pet Insurer Lemonade Bypasses Auto in Favor of Life… for Now

Nov 13 2020 // Lemonade plans to start selling term life insurance in the next 90 days, adding to its current rental, homeowners and pet insurance offerings, the company said in an earnings report this week. During an investor conference...

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