Category: Insurance

Activity, Insurance, Investment banking

Global Insurers Favor Private Equity Investments

April 24, 2018

Via: Insurance Journal

Thirty-two percent of insurers plan to maintain or increase their investments in private equity in the next 12 months to boost returns, a survey of 300 executives overseeing more than $10 trillion in insurance assets showed on Tuesday. Insurers have […]

Activity, Capital and risk, Credit, Insurance

Alaska Law on Credit-Based Scoring Backed by Insurers Group

April 4, 2018

Via: Insurance Journal

A new credit-based scoring law brings Alaska into line with the rest of the nation, and the Property Casualty Insurers Association of America is applauding the state for that. Alaska Gov. Bill Walker and the Alaska Legislature approved HB 195, […]

Activity, Insurance, Trading

Humana, health insurer shares surge on Walmart’s potential bid

April 2, 2018


Major health insurance stocks rose across the board Monday, the first day of trading since reports revealed Walmart has discussed an acquisition of Humana. Shares of Humana jumped 7 percent. Shares of Anthem, UnitedHealth and Medicaid-provider Centene were up 1.4 […]

Activity, Insurance

Specialty Program Group Launches Flagship Marine Underwriters

March 13, 2018

Via: Insurance Journal

Specialty Program Group LLC (SPG), an insurance holding company for specialty underwriting facilities, has launched Flagship Marine Underwriters, a new yacht and charter recreational marine underwriting facility. Based in Fort Lauderdale, Fla., Flagship specializes in global underwriting facilities for yacht, […]

Activity, Insurance

Why annuities are a bad idea for almost everyone

March 5, 2018

Via: Market Watch

“Don’t lose money in the Wall Street casino!” the radio announcer blared. “It could take a lifetime to make up your losses in the stock market.” Unless your lifetime is five years — that’s how long it took the market […]

Activity, Insurance

D&O Insurers Warned on Competitive Pricing, Troubling Claims Trends

February 26, 2018

Via: Insurance Journal

Property/casualty insurers in the directors and officers (D&O) liability insurance market may find it more difficult to maintain underwriting performance in 2018 than in recent years, according to Fitch Ratings, as market pricing remains highly competitive and claims trends are […]

Activity, Insurance

Tennessee Captive Insurance Companies Exceed $1 Billion in Premiums

January 19, 2018

Via: Insurance Journal

The state of Tennessee saw domestic captive insurance companies exceed $1 billion in written premiums in 2017 for the first time – a milestone for Tennessee’s burgeoning captive insurance marketplace. In addition to setting a new benchmark in premiums, the […]

Activity, Insurance

GE Still Grappling with Legacy Insurance Business

January 16, 2018

Via: Insurance Journal

General Electric Co. will take a $6.2 billion charge for the fourth quarter as the manufacturing behemoth grapples with lingering problems in a legacy insurance business. The after-tax charge will be $7.5 billion when adjusted to the rate following the […]

Activity, Insurance

What They Are Saying About Effects of Trump Tax Cuts on Insurance Industry

December 22, 2017

Via: Insurance Journal

Congress has passed and President Donald Trump has signed the Tax Cuts and Jobs Act (HR1) into law. It is the biggest tax change in 30 years. Under the legislation, insurers, agencies and other businesses organized as C corporations will […]

Activity, Insurance

Farmers Reports $1.2B in Claims from Northern California Wildfires

December 15, 2017

Via: Insurance Journal

Farmers Insurance reported it has received more than 4,000 claims from the Northern California wildfires to date at an estimated gross cost of $1.2 billion. With reinsurance, the Los Angeles-based carrier estimates its incurred loss will be $140 million, and […]