Month: May 2021

May 14, 2021

Analysts at Fitch Ratings are forecast further improvements in underlying technical margins and pricing in non-life reinsurance for the largest European companies, following favourable trends in Q1. All four major European reinsurers reported improved margins in non-life during Q1, Fitch […]

May 13, 2021

Despite the unprecedented impacts of the COVID-19 pandemic and elevated mortality in many parts of the world, demand for life reinsurance “continues pretty much as it has,” according to Alain Néemeh, Senior Executive Vice President and Chief Operating Officer (COO) […]

May 13, 2021

According to a new insurtech report from Capgemini and Efma, policyholders have become more cautious when taking out insurance, resulting in the need for insurers to empower their distribution network with newer technologies. As natural disasters and emerging risks have […]

May 12, 2021

Insurtech company Ethos has announced that it has raised $200 million in a Series D investment round, boosting its valuation to $2 billion. Revenue and users have grown by more than 500% year over year, and the company expects to […]

May 11, 2021

Riverview Insurance Solutions (RIS), the Alberta, Canada-based middle-market benefit consulting firm, announced it will merge with Sterling Capital Brokers (SCB). The combined company will create the largest independent employee-owned benefit consulting firm in Canada, said SCB in a statement. Founded […]

May 10, 2021

Legacy specialist Enstar Group has reported consolidated net earnings of $183.2 million for the opening quarter of 2021, compared to a consolidated net loss of $516.8 million in the prior year quarter. enstarKey drivers of this rather substantial earnings increase […]

May 7, 2021

American International Group (AIG) reported strong underwriting and investment results in in its General Insurance and its Life and Retirement divisions, despite catastrophe losses from winter storms and Covid-19 mortality claims. For the first quarter, net income was $3.9 billion […]

May 6, 2021

James River Group Holdings has reported a Q1 2021 net loss of $103.5 million compared to net loss of $36.8 million ($1.21 per diluted share) for the prior year period. It also reported a combined ratio of 199.2% versus 100.6% […]

May 6, 2021

Palomar Insurance Holdings, the speciality California-headquartered insurer that provides largely catastrophe exposed property products, sought to add to its reinsurance arrangements in Q1 2021 with a new $25 million aggregate layer of cover. The company had also secured its $400 […]

May 5, 2021

Global commercial insurance prices rose 18% in the first quarter, according to Marsh’s latest Global Insurance Market Index. That follows average annual increases of 22% in Q4 2020 and 20% in Q3 2020. The first quarter of 2021 was the […]

May 4, 2021

Stock prices of 18 U.S. insurtechs that went public in the last decade soared as a group in 2020. But so far in 2021, large non-insurance technology companies and traditional insurance stocks both outperformed the insurtechs. Hudson Structured Capital Management […]

May 3, 2021

USI Insurance Services, one of the largest insurance brokerage and risk consulting firms in the world, has completed its acquisition of the insurance business offered through Northwest Insurance Services from Northwest Bank, a subsidiary of Northwest Bancshares, Inc. Northwest Insurance […]

May 3, 2021

Liberty Company Insurance Brokers (LCIB) has entered into a new partnership with Gainesville, FL-based insurance agency Darr Schackow Insurance (DSI). A company release said that DSI’s 55 employees and four offices throughout Florida would significantly expand LCIB’s presence in the […]