Private U.S. property/casualty insurers saw their net income after taxes more than double to $34 billion in first-half 2018 from $15.5 billion in first-half 2017, with the help of lower catastrophe losses, growing premiums, and an increase in investment income, according to ISO, a Verisk business, and the Property Casualty Insurers Association of America (PCI).… Continue reading P/C Insurance Industry’s Net Income More than Doubles to $34 Billion in First-Half 2018
Tag: P/C insurance
Insurer Hartford Financial to Buy Navigators Group for $2.1 Billion
Insurer Hartford Financial Services Group Inc said on Wednesday it will buy Navigators Group Inc in a $2.1 billion cash deal to expand its product offerings and geographic reach. Hartford’s offer of $70 per share represents a premium of 9 percent to Navigators’ Tuesday close. Navigators’ shares were trading at $70.50, indicating that investors were… Continue reading Insurer Hartford Financial to Buy Navigators Group for $2.1 Billion