Orion180 has officially transitioned from managing general underwriter (MGU) to a standalone carrier by launching Orion180 Insurance Co.
Author: Annie George
VIU by HUB Expands Its Digital Brokerage Platform with Renters and Condo Insurance
Customers can shop, compare and purchase personal insurance policies on Hub’s digital platform while receiving professional advice.
Swiss Re Reports Results for 2022, Targets More than $3B for 2023
Swiss Re reported a net income of $472 million for 2022, with a net income of $757 million in the fourth quarter.
ExecutivePerils Launches Next Generation of Employment Practice Liability Insurance
ExecutivePerils is pleased to announce the launch of its new insurance policy, EPL+WHIP ®.
NCAA Asks U.S. Appeals Court to Block Student-Athlete Pay
The NCAA asked a federal appeals court to reject a legal effort to force colleges to treat Division I athletes as employees and pay them an hourly wage.
Carriers Unlikely to Offer Higher Cyber Limits Despite Better Conditions
Despite recent signs of recovery from shock losses, insurers do not expect the amount they are willing to cover through cyber policies to grow dramatically in the near future.
Truist to Sell 20% Stake in $14.75B Insurance Unit to Stone Point
Truist Financial Corp is selling a 20% minority stake in its insurance brokerage unit to private equity firm Stone Point Capital.
AIG’s Improved Margins Offset by Weak Markets and Bad Weather
AIG saw higher profit margins in its core property-casualty unit and higher sales of some products, which were offset by volatile markets and severe winter weather.
KCC: Turkey Earthquakes to Cost Insurers $2.4B
Catastrophe modeling firm Karen Clark & Company (KCC) said on Thursday it expects insured losses of $2.4 billion from Turkey earthquakes.
Allstate Catastrophe Losses for January at $307M
Allstate today announced estimated catastrophe losses for the month of January of $307 million or $243 million, after-tax.