Kemper seeks to mitigate the impact of its financial loss by implementing personal insurance exits and undertaking supplementary measures. According to the CEO of Kemper […]
Category: Insurance
Restructuring Underway for McGriff’s Personal Lines Operations
Revamp Strategy Centers on Directly Assisting Client Sales and Service Insurance agency McGriff, a retail broker, has announced a restructuring of its individual lines division. […]
2023 Underwriting Loss in P&C: A Deeper Look into the Whys and Hows
Revealing Report Explores Dominant Trends Shaping Industries Forecasts put the P&C industry’s combined net ratio at 102.2 in 2023, down from 102.4 in 2022. Poor […]
Insurance Sector Shines in Q2 with Impressive Stock Performance
Global Insurers Navigate Challenges with Successful Underwriting and Investment Approaches In the second quarter of 2022, the ACORD Global Insurance Stock Index posted a return […]
Bain Capital Hits $1.15 Billion Target for Insurance-Focused Fund
According to Reuters, a top official at Bain Capital LP said that the private equity company has successfully raised $1.15 billion for its first insurance-specific […]
ILS Insurtech Launches Investigation Amid Alleged Fraud
ILS Insurtech Takes Swift Action in Response to Alleged Fraud After news reports of potential fraud involving letters of credit for reinsurance transactions it was […]
Historic Catastrophe Losses Weigh Down Travelers’ Profit
[per REUTERS]-On Thursday, Travellers Cos. Inc. announced a quarterly profit that was down 98% from the previous year. This was due to strong wind and […]
Unprecedented Increase in US Auto Claim Severity Linked to Pandemic Impact
Recent Report Provides Valuable Insights into Auto Insurance Claims According to a recent analysis published by the Insurance Research Council, the United States had a […]
Evertas Makes Major Move: Acquires Pioneering Crypto Mining Insurer, Bitsure
Evertas, a specialised insurance provider for cryptocurrencies, has recently made the announcement that it will be acquiring Bitsure, a provider of insurance for cryptocurrency mining […]
Reflecting on ‘Auld Lang Syne’: Key Insurance Insights for 2023
The industry must not forget “times gone by” When the clock hits midnight on New Year’s Eve, the first thing I do – after raising […]