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| Today's Headlines | November 3, 2020 |
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When InsurTech entrepreneurs like Assaf Wand, Max Simkoff and Dan Preston set out on the path of bringing groundbreaking ideas to life in the insurance industry, they heard a lot of negative talk about hurdles they couldn't climb. But equipped with "positive naivety" in the words of Simkoff, and the help of a few people... read more | | |
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Personally, my experience at a startup in 2008 taught me that in times of disaster there is a huge premium on both capital and clarity. The capital you have available may be beyond your control based on where your business happens to be in the funding cycle when the world tweaks. But clarity is always... read more | | |
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Argo Group International Holdings plans to sell Ariel Re to two private equity investors. Pelican Ventures and J.C. Flowers & Companies are the buyers, and the transaction is expected to close in 2020, pending regulatory approval. read more | | |
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CNA Financial Corp. doubled its 2020 Q3 net income thanks, in part to higher investment returns and rate hikes in the P/C insurance division that increased more than 12 percent on average. Net catastrophe losses soared, however, due to three hurricanes and severe Midwestern storms. read more | | |
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SPONSORED BY: S&P Global Market Intelligence COVID-19 may have delayed deal-making in the insurance sector and made process-related logistics more challenging, but it has not derailed deal activity. The pandemic has also introduced new marketplace dynamics that may favor consolidation over the longer term as carriers reexamine their competitive positioning and operational capabilities.... read more | 
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The UK Supreme Court will hear an appeal on Nov. 16 of the Financial Conduct Authority's (FCA) test case over which insurance companies should offer payouts to small businesses battered by the coronavirus pandemic, it said on Monday. read more | | |
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At least 10 people died and three others were missing after Typhoon Goni, the world's strongest typhoon this year, barrelled through the south of the Philippines' main island of Luzon on Sunday, an initial government report showed. read more | | |
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Tropical Storm Eta formed overnight [on Sunday, Nov. 1] in the Caribbean, becoming the Atlantic's 28th storm of 2020 and tying a 2005 record for the most named systems in a single year in records going back to 1851. read more | | |
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AXIS hired four new underwriters for its U.S. Management Liability team. Chubb named a new chief underwriting officer for its International Accident & Health unit. Kemper Corp.'s board of directors elected chose a former USAA CEO as a director. read more | | |
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| | The impact AI technology is having on carrier operations is both cost saving ... read more | |
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| | COVID has accelerated carriers into a full virtual future requiring rapid ... read more | |
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| | AM Best expects that the Directors and Officers (D&O) segment will soon ... read more | |
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| | Carriers, do you wish you could read your agents' minds? This webinar is the ... read more | |
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| | Amazon, Tesla, and Walmart have entered the insurance arena. What does that ... read more | |
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