| Today's Headlines | November 24, 2020 |
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Insurers are increasingly using reserve transactions such as loss portfolio transfers and adverse development covers to liberate capital supporting past reserves and redirect it toward premium growth. Many recent transactions were specifically designed to maximize relief from rating agency or regulatory capital requirements. Such deals are not new, but they have become a mainstream tool... read more | | |
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Responding to a Carrier Management call for executive viewpoints, industry leaders told us how the pandemic has changed them. In addition, they shared ideas about how the industry should plan for the future. Scott Gunter, CEO, AXA XL: Insurance plays a pivotal role in society's resilience. We've helped our clients adjust their operations so that... read more | | |
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Kemper Corp. has agreed to pay $370 million in cash for specialty auto insurer American Access Casualty Company and its related captive insurance agency, Newins Insurance Agency Holdings. Driving the deal: Growth potential among Hispanic and other niche markets. read more | | |
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Inigo Ltd., a new London-based insurance group, announced it has completed a capital raise of approximately $800 million from a consortium of global investors. Former Hiscox executives are beyind the initiative. read more | | |
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Ping An Insurance Group Co of China Ltd on Tuesday reported a 7.74% rise in net profit, its first quarterly profit increase in a year, as the country's largest insurer by market value attracted more retail customers. read more | | |
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A Mississippi Gulf Coast casino has become one of many businesses nationwide to sue its insurer for refusing to cover business losses because of the coronavirus pandemic. read more | | |
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British finance minister Rishi Sunak has said there is genuine progress in Brexit talks with the European Union, but that it would be better to walk away from a bad trade deal than tie Britain's hands in the future. read more | | |
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American Family Insurance has chosen home renovation duo Drew and Jonathan Scott, the twin stars of HGTV's "PropertyBrothers," as the company's newest brand ambassadors. The Scott brothers and American Family "share a passion for the places we call home. Drew and Jonathan believe in creating them, and we believe in protecting them. Our partnership exemplifies... 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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| | Every moment between when an auto accident occurs and the auto insurance ... read more | |
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| | Boost retention by reaching out at the right time with the right message. Auto ... read more | |
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| | Progressive, Esurance and Lemonade have successfully adopted data-centric ... read more | |
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| | Carrier executives are facing new challenges with the entrance of Amazon, ... read more | |
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