SPECIAL REPORT
Nov 04, 2024 11:27 AM (EST)
The overall effect of U.K. solvency reforms due to be set out in November will be beneficial to U.K. insurers, according to a new report from AM Best.
CATASTROPHE BONDS
Oct 30, 2024 11:07 AM (EDT)
Loss estimates may be up to $300 million for the catastrophe bond market following hurricanes Helene and Milton, but market watchers said they believe enthusiasm for the sector won't take a significant hit from the U.S. Southeast double whammy.
EARNINGS
Oct 31, 2024 03:24 PM (EDT)
Cigna Group Chairman and Chief Executive Officer David Cordani pushed back on a recent report by the Federal Trade Commission regarding pharmacy benefit managers during a third-quarter earnings call.
Nov 05, 2024 01:34 PM (EST)
The insurance industry saw "devastating weather impacts" this year as American International Group Inc. recorded strong growth in the third quarter in a market that will see primary insurers bear the brunt of such losses, said CEO Peter Zaffino.
Oct 31, 2024 03:34 PM (EDT)
Allstate Corp. wants to take advantage of a disrupted homeowners market and is widely open to new business outside of Florida and California, Property-Liability President Mario Rizzo said during an earning conference call.
Oct 30, 2024 12:47 PM (EDT)
The London wholesale market may be heading for lower profitability, as participants try to attract more capital for a finite amount of business, said Chubb Ltd.'s chief executive officer.
Nov 05, 2024 08:46 AM (EST)
The value of surrendered annuity policies among U.S. life/annuity writers increased 19% through the first half of 2024, compared with the same prior-year period, according to a new AM Best report.
Nov 05, 2024 02:58 PM (EST)
With its underwriting margin more than doubling this year, Progressive Corp. spent a record amount in the third quarter for advertising and added nearly 1.6 million policies in force, according to President and Chief Executive Officer Tricia Griffith.
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