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Insurance
Crosswinds, a private equity firm focused on insurance, is planning to distribute all of its available capital to shareholders and dissolve the company, including its wholly-owned subsidiary Crosswinds Re. 25 June 2018
Insurance
The Property Casualty Insurers Association of America (PCI) and the American Insurance Association (AIA) are in negotiations to merge the two US-based organisations, according to a joint statement. 22 June 2018
Insurance
US personal lines insurer Allstate Corporation estimated catastrophe losses for the month of May 2018 at $278 million, pre-tax ($220 million after-tax). 22 June 2018
Insurance
New York-based Oscar Health, a technology-focused health insurance company, has announced its plans to expand into six new markets across Florida, Arizona, and Michigan — and three additional large metro areas in Ohio, Tennessee, and Texas. 22 June 2018
Insurance
AmTrust Financial Services stockholders have, at a special meeting held today, June 21, 2018, approved the proposed amended merger transaction which will take the insurer specialized in the coverage for small businesses private. 21 June 2018
Insurance
US insurtech firm Lemonade grew the business by 1,000 percent year on year in the first six months of 2018 but now wants to reduce the growth pace and address its loss ratio, which doesn’t work well, as the company’s co-founder Shai Wininger wrote in a blog. 21 June 2018
Alternative Risk Transfer
The Texas Windstorm Insurance Association (TWIA) has secured $1.4 billion in reinsurance coverage for the 2018 hurricane season, according to its annual report. 21 June 2018
Insurance
Property/casualty insurer Chubb has appointed Paul Lewis North America commercial insurance industry practice leader for its North American mid-market segment. 21 June 2018
Insurance
New life insurer Ethos has started operating in the US with $11.5 million in financing led by Sequoia Capital. 21 June 2018
Insurance
AmTrust Financial Services’ shareholders are voting today, June 21, 2018, at 10:00 am (EDT) in a special meeting on the privatisation plan of the specialty insurer. 21 June 2018
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