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U.S. P/C Insurers Report 2020 Underwriting Profits Despite Costs of COVID-19: Fitch

Apr 12 2021 // Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty (P/C) insurers saw a statutory underwriting profit for the third consecutive year, with an average 99% combined...

Watford Holdings Announces Purchase of French P/C Insurer Axeria IARD

Apr 12 2021 // Bermuda-headquartered Watford Holdings Ltd. has completed the purchase of Axeria IARD, a French property and casualty insurance company. Watford has acquired 100% of the capital stock of Axeria IARD from the APRIL Group....

P/C Insurers Liberty Mutual, Starr Join Investors in Bitcoin Firm NYDIG

Apr 9 2021 // New York Digital Investment Group, an asset manager focused on bitcoin investments, has raised $100 million it will use to expand the use of bitcoin in insurance. The round comes just a month after announcing $200 million...

Seeman Holtz Property and Casualty Expanding Footprint in Florida

Apr 8 2021 // Seeman Holtz Property and Casualty is expanding its existing footprint in Florida and seeking agencies to join its offices throughout the state. At Seeman Holtz Property and Casualty is an independent Boca Raton,...

2020’s P/C Insurance Industry Results and What They Mean for 2021

Mar 31 2021 // The most recent tallies of financial results by rating agency analysts reveal that the property/casualty insurance industry weathered the storms of catastrophe losses and COVID, with one segment actually reporting better...

Spanish Bank Bankinter to Spin Off Its P/C Insurance Unit Linea Directa

Mar 23 2021 // MADRID – Spanish bank Bankinter said on Tuesday it cleared all regulatory hurdles to spin off its insurance unit Linea Directa and list its shares on the market in late April. Bankinter, which has secured the European...

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