Individual life insurance providers are shifting their approach from producer focused to end-customer focused by introducing more online access capabilities and more frequent customer touch points.
Fidelis Insurance has taken an equity stake in new MGA Perigon Product Recall Limited, and will be providing underwriting capacity.
Industry veteran Steve Assennata has joined IAT Insurance Group, a provider of specialty property and casualty products, as chief underwriting officer (CUO) of its programs unit.
Net income for US Mortgage insurer Radian is $173.4 million in Q3 2019 compared to net income for the quarter ended September 30, 2018 of $142.8 million.
Although Lebanese insurers are accustomed to operating in a challenging economic environment, an accelerating decline in investor confidence and US dollar cash-flow constraints create further risks for insurers with fixed costs in US dollars.
US insurance giant AIG Group reduced its combined ratio from previous years’ ruinous levels, helped by lower catastrophe losses, and its reinsurance strategy.
David Putz has joined insurance brokerage Brown & Brown as executive vice president of Arrowhead General Insurance Agency and a leader with Brown & Brown’s national programs division.
Gross written premiums for property and casualty insurance holding company United Insurance Holdings have increased by $21.3 million, or 7.2 percent, to $317.2 million, for Q3 2019, from $295.9 million for Q3 2018. The company said this primarily reflected organic growth in new and renewal business generated in all regions.
Insured losses stemming from Typhoon Hagibis in Japan will be between $7 billion and $11 billion, according to catastrophe risk modelling company RMS.
Markel UK, the division of Markel International that provides insurance, tax and legal services for SMEs, has acquired Caunce O’Hara & Company Ltd, following regulatory approval from the FCA.