P/C News Headlines
The following news stories feature information regarding the Property/Casualty insurance market.
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AM Best Affirms Credit Rating of MAPFRE Fianzas, S.A.: AM Best has affirmed the Financial Strength Rating of A (Excellent), the Long-Term Issuer Credit Rating of “a+” and the Mexico National Scale Rating of ... Date: October 21, 2020 |
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Investment Losses Ding W.R. Berkley’s Third-Quarter Net Income: Investment losses dragged down W.R. Berkley Corp.’s third-quarter net income to $151.7 million from $165.2 million.
Net investment income fell to $142.6 ... Date: October 20, 2020 |
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AM Best to Host Webinar on How Automobile Insurers Can Tap Diverse Vehicle Data: AM Best will host a complimentary webinar, sponsored by LexisNexis Risk Solutions, on Monday, Nov. 9, 2020, at 2 p.m. (EST). A panel of technology and ... Date: October 20, 2020 |
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Travelers CFO: COVID-19 Losses So Far Outweighed by Underwriting Benefits: Travelers Cos. Inc. continues to take a cautious approach to estimating COVID-19-related losses even as the group’s chief financial officer said third-quarter ... Date: October 20, 2020 |
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AM Best Assigns Credit Ratings to Sutton Specialty Insurance Company and Sutton National Insurance Company: AM Best has assigned a Financial Strength Rating of A- (Excellent) and a Long-Term Issuer Credit Rating of “a-“ to Sutton Specialty Insurance Company and ... Date: October 20, 2020 |
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Industry Observers: Climate Change Upends Conventional Approaches to Underwriting Risk: In a world of cascading catastrophes, industry observers say climate change is upending conventional approaches to property/casualty underwriting for good. ... Date: October 20, 2020 |
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Petplan to Partner With Dodo, Adopt New Name in 2021: Pet insurer Petplan said the animal media brand Dodo will buy an equity stake in the company for undisclosed terms.
Under the new partnership, Petplan will ... Date: October 19, 2020 |
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HDI Global Names Managing Director, German Fine Art and High Net Worth: HDI Global Specialty SE said it will enter the German fine art and high net worth insurance market and has named Alexander Wiebe as head of fine art and ... Date: October 19, 2020 |
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Perils: Late Claims Boost Australian April Hailstorm Losses to $427 Million: Industrywide property and motor losses from an April hailstorm that struck the central region of Queensland, Australia, has reached A$604 million ($427 ... Date: October 19, 2020 |
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Mobilitas Looks Beyond COVID Ridership Drop, Touts Lyft Partnership: Despite the ongoing specter of COVID-19, the on-demand commercial market offers one of the industry’s largest growth opportunities, according to Emily Tobler, ... Date: October 19, 2020 |
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AM Best to Lead Webinar With American Land Title Association on State of U.S. Title Insurance Industry: AM Best will lead a webinar in conjunction with the American Land Title Association (ALTA) on the state of the U.S. title insurance industry. The webinar will ... Date: October 19, 2020 |
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AM Best Revises Outlooks to Negative for Illinois Mutual Life Insurance Company: AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of ... Date: October 16, 2020 |
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RMS: Hurricane Delta Insured Losses Could Reach $5 Billion: Onshore and offshore insured losses from Hurricane Delta, which hit Louisiana, Mississippi and Texas in early October, could climb to $5 billion, according to ... Date: October 16, 2020 |
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AM Best Affirms Credit Ratings of Ameriprise Financial, Inc. and Its Subsidiaries: AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “aa-” of RiverSource Life ... Date: October 16, 2020 |
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AM Best Affirms Credit Ratings of The American Road Insurance Company: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of The American Road Insurance Company ... Date: October 16, 2020 |
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AM Best Affirms Credit Ratings of Brit Reinsurance (Bermuda) Limited: AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating of “a” of Brit Reinsurance (Bermuda) Limited (Brit ... Date: October 16, 2020 |
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Kemper Corp. Says It Expects Up to $68 Million Worth of Cat Losses For Third Quarter: Kemper Corp. expects its pretax catastrophe losses will be as much as $68 million during the third quarter, primarily related to hurricane events and ... Date: October 15, 2020 |
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Heritage Anticipates $24.5 Million in Cat Losses For Third Quarter: Heritage Insurance Holdings Inc. said it anticipates about $24.5 million in third-quarter catastrophe losses primarily due to hurricanes Isaias and Sally, the ... Date: October 15, 2020 |
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Swiss Re: China Motor Insurance Reforms Will Boost Market in the Long Run: China’s motor insurance market will likely see increased price volatility and slowing premium volume from regulatory reforms implemented in September, but the ... Date: October 15, 2020 |
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Suncorp New Zealand Names CEO: Suncorp Group has named Jimmy Higgins as chief executive officer of Suncorp New Zealand.
Higgins joined Suncorp in 2008 and has held a range of senior and ... Date: October 15, 2020 |
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