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Inside: Commercial Lines – The market is moving. How far will it go?
Firmly a sellers' market - but the devil is in the detail.
IPC Research
,
May 21, 2019
MGM Resorts discloses $751mn in cover for shooting victims
A settlement over the October 2017 mass shooting could reach as high as $800mn, the casino firm said.
Bernard Goyder
,
May 20, 2019
Safe Auto files for IPO
The digital-focused carrier has chosen Bank of America and Deutsche Bank as lead bookrunners
Bernard Goyder
,
May 20, 2019
Connecticut commissioner seeks to create InsurTech hub
The state’s new insurance commissioner, a former journalist, wants the state to lead the nation in insurance tech start-ups.
Bernard Goyder
,
May 20, 2019
Claims InsurTech Snapsheet raises $29mn in Series E funding
The financing from backers including Nationwide and State Auto brings the Chicago-based InsurTech’s funding to date to $71mn.
Anna Sagar
,
May 20, 2019
Tokio Marine Holdings books $205mn loss from TMR sale
The Japanese carrier says loss derives mainly from an appreciation in the value of the yen since TMR’s launch in 2000.
Rachel Dalton
,
May 20, 2019
Sompo International FY profit falls 65% after prior-year tax boost
The group’s international division benefited from a decline in losses from natural catastrophes but was $681mn worse off from a tax perspective.
John Hewitt Jones
,
May 20, 2019
RenRe sees shareholder dissent over executive pay
About 46 percent of shareholders disapproved of O’Donnell’s compensation in a non-binding advisory vote.
Bernard Goyder
,
May 17, 2019
Old Republic General Insurance unit sees rating upgrade
AM Best upgraded the unit’s financial strength rating (FSR) to A+ from A, matching that of certain other units in the group.
Christie Smythe
,
May 17, 2019
Citizens' board signs off on increased reinsurance spend
Citizens will be among the buyers to come late to market with its 2019 cat programme as reinsurers push hard for rate rises.
Laura Sanicola
,
May 17, 2019
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