As the first half of 2024 came to a close, the U.S. insurance industry experienced significant signs of surplus recovery, driven primarily by notable gains in capital and improvements in underwriting. Despite looming threats such as natural disasters, cyber risks, and inflation, the industry
Trupanion, a prominent provider of medical insurance for cats and dogs, has strategically expanded its footprint into the European market by launching its signature insurance product in Germany and Switzerland. This venture marks a significant milestone in Trupanion’s efforts to broaden its
Moody's recent acquisition of Praedicat, a casualty insurance analytics provider, signals a strategic enhancement aimed at fortifying its data and analytics capabilities within the insurance industry. This significant move is part of Moody’s broader strategy to integrate advanced liability modeling
The world of casualty insurance is facing intense scrutiny as executives grapple with new and evolving challenges. From concerns over reserving amid the soft-market years to the rising phenomena of social inflation and legal-system abuse, the industry is in a state of flux. This article compiles
The insurance industry has seen a notable surge in consolidation, with companies strategically acquiring smaller but well-established agencies to bolster their market positions. A significant recent example is Inszone Insurance Services' acquisition of the Keith Williams Insurance Agency, Inc., a
The recent Q2 2024 financial reports from major European reinsurers like Swiss Re, Munich Re, Hannover Re, and Scor paint a picture of profitability, particularly in the Property & Casualty (P&C) sector. However, a deeper dive into these numbers suggests potential underlying challenges that could
