Lemonade Records Another Q2 Loss, Changes Pace For Profitability August 9, 2022 By Chad Hemenway Insurtech Lemonade said it booked a second quarter net loss of $67.9 million compared with a net loss of $55.6...
Mitsui Sumitomo Insurance to Buy Reinsurance Broker Transverse for $400 Million August 9, 2022 Mitsui Sumitomo Insurance Company, a subsidiary of Japan’s MS&AD Insurance Group Holdings, will spend about $400 million to buy U.S....
Global Indemnity Agrees to Sell American Reliable Unit to Everett Cash Mutual August 9, 2022 Global Indemnity Group said it agreed to sell subsidiary American Reliable Insurance Company (ARIC) to Everett Cash Mutual Insurance Co....
AIG Exceeds Profit Estimates on Strong Underwriting Gains August 9, 2022 Insurer American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned...
Independent Agents Place Majority of U.S. P&C Insurance: Big I August 9, 2022 The independent agency channel places 62% of all property-casualty insurance written in the U.S., according to the Big “I” 2022...
People Moves: Anderson Joins Safety National Cyber Team; Coalition Hires First CFO August 8, 2022 Steven Anderson joins Safety National’s Cyber Insurance Team Steven Anderson has joined the Safety National cyber insurance team as Director...
FM Global Puts Aside $300 Million for Policyholders’ ‘Resilience Credit’ August 8, 2022 Policyholders of FM Global, which include one of every three Fortune 500 companies and similar size organizations worldwide, will collectively...
U.S. Imposes Sanctions on Virtual Currency Mixer Tornado Cash August 8, 2022 By Christopher Bing and Daphne Psaledakis The United States on Monday imposed sanctions on virtual currency mixer Tornado Cash, accusing it of helping hackers, including from...
Agency Partnerships: MarshBerry Platform, First Choice Agents Alliance Combine August 8, 2022 The MarshBerry Platform announced it has merged with First Choice Agents Alliance (FCAA). The merger will position the combined firms...
Berkshire Hathaway Posts $43.8 Billion Loss as Stock Holdings Tumble August 8, 2022 By Jonathan Stempel The slide in U.S. stock prices punished Berkshire Hathaway Inc’s bottom line in the second quarter, as the conglomerate run...