Articles
Insurance
Downside credit risks from the California wildfires are currently most pronounced for investor-owned utilities (IOU), which could face large liabilities if IOU equipment is found to have ignited the fires, according to Fitch Ratings. 29 November 2018
Insurance
Fitch Ratings has downgraded the Insurer Financial Strength (IFS) ratings of health insurer Aetna to 'A' from 'AA-'. 29 November 2018
Insurance
US-based insurance technology firm Bindable has attracted an investment from EPIC Holdings which operates EPIC Insurance Brokers & Consultants and has agreed on a commercial deal. 28 November 2018
Insurance
US-based multiple-line insurer Mercury General Corporation will pass on most of the expected $253 million losses from the Camp and Woolsey wildfires in California to reinsurers. 28 November 2018
Insurance
AmTrust Financial Services has obtained all regulatory approvals to complete the $2.7 billion merger transaction with Evergreen Parent on Nov. 29 which will see the firm go private. 28 November 2018
Insurance
Zurich Insurance Group has partnered with Chicago-based Snapsheet, a provider of virtual claims technology for the personal and commercial insurance marketplace. 27 November 2018
Insurance
The Camp and Woolsey wildfires in California are expected to cause economic losses between $15 billion and $19 billion, according to data provider CoreLogic. 27 November 2018
Insurance
Boston-based insurtech Corvus has raised $10 million Series A investment led by venture capital firm .406 Ventures and Hudson Structured Capital Management, with participation from Bain Capital Ventures. 27 November 2018
Insurance
A group of 18 US property/casualty (P&C) reinsurers has improved the combined ratio to 98.2 percent in the first nine months of 2018 from 111.9 percent in the same period a year ago, according to a survey of reinsurers’ statutory underwriting results conducted by the Reinsurance Association of America (RAA). 26 November 2018
Insurance
Reinsurance broking and risk/capital management firm TigerRisk Partners has hired Stephen Fromm as vice chairman of TigerRisk Capital Markets & Advisory. 26 November 2018
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