PRESS RELEASE
Sep 15, 2021 08:35 AM (EDT)
Canada insurance companies’ ability to absorb the volatility caused by the pandemic has led AM Best to maintain its stable outlook on the country’s property/casualty segment and revise its life/annuity outlook back to stable from negative. Additionally, according to AM Best’s annual review of Canada’s insurance industry, short- to medium-term economic prospects are positive, with government measures likely to cushion any future jolts.
MASSACHUSETTS
Sep 17, 2021 11:46 AM (EDT)
A securities unit of Massachusetts Mutual Life Insurance Co. was ordered to pay $4 million for failing to ensure compliance with securities trading rules regarding the use of social media to effect trades by one broker/dealer, including trades in GameStop Corp. stock.
Sep 16, 2021 09:14 AM (EDT)
The U.S. surplus lines market experienced direct premium growth of 17.5% in 2020, representing the largest year-over-year premium increase since 2003, according to a new AM Best report.
PEOPLE IN INSURANCE
Sep 17, 2021 12:53 PM (EDT)
Berlin-based insurtech Wefox has hired Peter Huber, formerly chief executive officer at Zurich International, as chief insurance officer.
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