Liberty Mutual reports $219 million Q3 profit
Financial Results, P/C Insurers, P/C Pricing Liberty Mutual
Tokio Marine HCC lines up with Vertafore
Tokio Marine HCC is to partner with Vertafore to help streamline how agents and brokers transact surety bond business online.
Leases help dealers weather challenging market
Since the Federal Reserve started raising interest rates more than a year ago, auto industry challenges have created a difficult…
RiverStone sees $260m in underwriting profits for 2024
Legacy sector leader RiverStone International has reported $260 million in underwriting profits for 2024, up 22% from 2023’s $213 million.
Red Sea attacks heighten risks for marine insurers, war risk premiums surge: Moody’s
In recent developments, ongoing attacks on Red Sea shipping lanes have prompted a surge in war risk premiums, posing challenges for marine insurers worldwide, according to a Moody’s report.
Tricolor employees sue over sudden layoffs ahead of bankruptcy
A lawsuit filed against subprime auto lender and buy here, pay here retailer Tricolor Holdings alleges its sudden closure and…
S&P Global Ratings upgrades SiriusPoint outlook to positive
Credit rating agency S&P Global Ratings has upgraded its outlook on SiriusPoint Ltd. and its operating subsidiaries from Stable to Positive.
Sonic Auto F&I revenue up 14.8% YoY, Penske down 2.1% YoY
Auto retailers Sonic Automotive and Penske Automotive reported mixed results in finance and insurance revenue in the fourth quarter as…
COVID-19 may complicate civil unrest interruption claims
Agents and Brokers, Catastrophe Modeling, Catastrophes, Coronavirus, P/C Insurers, Property
Swiss Re posts huge rise in net income as P&C Re CoR strengthens to 94.8%
Large European reinsurer Swiss Re has today reported a significant rise in net income to $3.2 billion for 2023 and a return on equity of 22.3%, as underwriting margins improved and the firm’s P&C reinsurance arm delivered income of $1.9 billion.
Communify acquires Fincentric from S&P Global
Wealthtech entrepreneur John Wise and PE firm Stellex Capital Management have acquired S&P Global’s Fincentric business with a view to providing digital experiences and financial data distribution to the wealth, broking and asset management industries.
ICE partners Circle to explore stablecoin uses
Nyse parent Intercontinental Exchange is exploring how it can use Circle’s stablecoin and tokenised money market offering.
JPMorgan to let Chase customers link accounts to Coinbase crypto wallets
Millions of Chase customers will soon be able to directly link their accounts to Coinbase wallets, making it easier than ever for huge swathes of Americans to buy crypto.