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Robust returns in the reinsurance sector are drawing in fresh capital, resulting in more favorable pricing for buyers. However, brokers’ renewal reports note that underwriting discipline remains firmly in place.
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Zurich Insurance Group AG has announced its acquisition of BOXX Insurance Inc., a Canadian company specializing in cyber risk management, marking the Swiss insurer’s latest strategic move to strengthen its presence in the insurtech space.
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The adoption of artificial intelligence in insurance is less a sprint to the finish than a scramble to reach the starting line, experts say.
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Nationwide announced the successful completion of its $1.25 billion acquisition of Allstate’s Group Health business segment. The deal was initially announced in January.
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Philadelphia Insurance announced that its operations have been fully restored after experiencing a network outage.
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Hiscox, the Bermuda-based global specialist insurer, has introduced a new API-driven Cargo solution, designed to underwrite small cargo and stock throughput risks through its network of broker partners.
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A Maryland woman has been indicted on two felony theft charges for allegedly misappropriating funds from a general contractor and the state’s backup auto insurance provider.
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When hurricanes or wildfires hit, the economic toll is immediately apparent — torn-off roofs and scorched homes starkly mark the devastation.
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One of the most successful hedge fund strategies in recent years—insurance-linked securities—is embracing a classic concept that has suddenly surged back into favor.
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The UK government is set to introduce regulatory reforms aimed at establishing a promising new insurance market valued at billions of pounds, as part of its efforts to enhance national competitiveness.
Robust returns in the reinsurance sector are drawing in fresh capital, resulting in more favorable pricing for buyers. However, brokers’ renewal reports note that underwriting discipline remains firmly in place.
