Industry News

Insurance Journal

Castel Targets U.S. Professional Liability Business With Launch of Underwriting Cell

Oct 21, 2021 Castel Underwriting Agencies Ltd. has launched a new underwriting cell, North American Professional Liability (NAPL), to focus on...

New Zealand Is 1st Country to Pass Climate Change Disclosure Laws for Insurers, Banks

Oct 21, 2021 New Zealand has become the first country to pass laws requiring banks, insurers and investment managers to report the impacts of climate...

Acrisure Enters Brazilian Market with Purchase of Broker It’sSeg

Oct 21, 2021 Acrisure, the Grand Rapids, Mich.-based global insurance broker, announced it has signed an agreement to acquire It’sSeg, the largest independent...

AXIS Capital Accelerates Its Retreat From Coal Investments and Cover

Oct 21, 2021 AXIS Capital Holdings Ltd. said it will phase out insurance cover and investments in the coal business globally within the next 20 years. “It is...

Claims Journal

Viewpoint: Some Insurers are Delaying Payment on Ransomware Claims

Oct 21, 2021 Ransomware attacks are on the rise. Cyber criminals continue to exploit lax security measures, which have become more acute in the work-from-home environment, and...

Claims Business: Davies, Verisk, Sedgwick and Enlyte

Oct 21, 2021 Davies Acquires IRS London-based international claims administrator Davies has acquired Insurance Risk Services. IRS, based in Lake Mary, Fla., conducts underwriting inspections...

Drenching Rain Set to Bring California Fire Season Closer to End

Oct 20, 2021 A river from the sky is about to wash over California and the Pacific Northwest and it could bring some relief from the fire season that has charred millions of acres...

Citizens Insurance Property Inspections to Soar in Next 4 Years

Oct 20, 2021 As part of its effort to reduce its ballooning exposure level and trim the number of policyholders, Florida’s insurer of last resort will increase its property...

Best's Reviews

Hamilton to Cease Writing Property Treaty Reinsurance Through Lloyd’s Syndicate 4000

Oct 20, 2021 Hamilton Insurance Group Ltd. said it will cease writing property treaty reinsurance through Lloyd’s Syndicate 4000 in London...

AM Best Revises Outlooks to Negative for Florida Farm Bureau Group’s Members

Oct 20, 2021 AM Best has revised the outlooks to negative from stable and affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term...

Marco Capital Closes on Acquisition of Humboldt Re

Oct 20, 2021 Marco Capital Holdings Ltd. said it acquired Humboldt Re Ltd., a Guernsey-based reinsurance company. The transaction received regulatory approval from the...

Anthem CFO: COVID-19 Continues as a Headwind, May Recover Some Pandemic Costs Next Year

Oct 20, 2021 Anthem Inc. continues to face significant COVID-19-related headwinds even as the global outbreak seems to be moderating its...