April 5, 2021
Via: Business InsuranceFirst-quarter mergers and acquisitions involving U.S. and Bermuda-based insurance industry companies produced an aggregate deal value of $21.16 billion, according to a report Monday from S&P Global Market Intelligence. This year’s first-quarter tally tops full-year deal totals for 2019 and […]
April 1, 2021
Via: Artemis BMAs anticipated, the April 1st 2021 reinsurance renewals followed the trends set earlier in the year, with pricing generally firm despite adequate capacity levels, according to the latest 1st View report from broker Willis Re. The April reinsurance renewals were […]
March 31, 2021
Via: Artemis BMThe Lloyd’s of London insurance and reinsurance market reported a £0.9bn loss for 2020 after significant impacts from the COVID-19 pandemic dented performance, despite significant reinsurance recoveries. In total, Lloyd’s reported an aggregated market loss of £0.9bn for 2020, down […]
March 29, 2021
Via: Artemis BMAt the upcoming mid-year reinsurance renewals our sources suggest there could be increased demand for reinsurance protection coming out of Florida, despite the delicate financial position of many insurance carriers focused on the state. The twin effects of another year […]
Geo-Political, Risk Management
March 18, 2021
Via: Artemis BMUS primary insurer Allstate has revealed a significant approximately $1.3 billion gross loss from the winter storms and severe winter freeze, primarily impacting Texas, which it warns mean its aggregate reinsurance will trigger, which is provided by its Sanders Re […]
March 3, 2021
Via: Reinsurance NewsAnalysts at rating agency S&P global ratings have noted that reinsurers feel they haven’t fully benefitted from their results, despite the global reinsurance pricing gains from the January renewals. S&P Global RatingsAlthough this year’s renewal season started with high hopes, […]
March 2, 2021
Via: Business InsuranceMergers and acquisitions activity in the insurance sector was strong in 2020 despite COVID-19 and is expected to remain robust in 2021 as rising commercial insurance rates bolster earnings, making insurers attractive targets, and “deployable capital” remains abundant, analysts and […]
February 24, 2021
Via: Insurance BusinessRESILIENT. It’s a term often used to describe the insurance distribution market, and one that continues to attract the hungry eyes of the investment community. Despite the COVID-19 pandemic and resulting socio-economic challenges – a global recession and strained labor […]
February 24, 2021
Via: Business InsuranceLiberty Mutual Holdings Co. Inc. on Tuesday reported net income of $162 million for the fourth quarter of 2020, compared with a net loss of $301 million in the year-earlier period, due to favorable core underwriting results across the insurer’s […]
February 23, 2021
Via: Insurance JournalThe Wyoming Department of Insurance is now enabling candidates for insurance licensure to schedule exams online through testing vendor Pearson VUE and their OnVUE online proctoring service. Online testing will begin on March 2. “The weather and long distances in […]