Insurance News

Investment income offset losses from weather events In 2023, property & casualty (P&C) insurers in the United States reached record investment income levels, driven by a total of $2.7 trillion

Starting next year, the minimum automobile liability coverage in North Carolina will jump significantly, thanks to a 2023 law that raised the minimum requirement for the first time in 25

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Firm did not consolidate a subsidiary's financial statements, it states Independent auditor Grant Thornton has issued an adverse opinion on the financial statements of Bermuda reinsurance company Annuity and Life

Controversial practice has drawn ire from the BoE, pension trustees In 2023, UK life insurers tripled the amount of assets transferred to global reinsurers, highlighting a growing reliance on risk-sharing

Latest move brings the board to 10 members Global specialty re/insurer SiriusPoint has announced the appointment of Susan Cross (pictured above) as board director, effective May 24, 2024. Her addition

It covers against US catastrophes, earthquakes and hurricanes Palomar Holdings has announced the successful completion of certain reinsurance programs effective June 1, 2024, and raised its full-year 2024 adjusted net

He returns to the firm after four years with another global reinsurer CCR Re has announced the appointment of Cédric Boureau (pictured above) as senior actuary underwriter. In his new

Acquisitions to expand the group's global presence Specialty insurance provider NSM Insurance Group has announced it has signed a definitive agreement to acquire InsurEVO.  » Read More

Proposition aimed at providing extra layer of protection Unexpected events like multi-vehicle collisions, dog bites, or injuries to delivery personnel on private property are increasingly jeopardizing the financial stability of