Christopher Swift – The Hartford

Hartford’s Swift sees a “longer runway” for price firming beyond 2021

2020-10-30T17:10:00+00:00

The Hartford chairman and CEO Christopher Swift has increased his projection for how long prices can harden, while reporting strong rate increases for his company and reiterating his confidence in policy wording in Covid-19 litigation. 

Swiss Re Q3 results

Swiss Re shares climb after Q3 earnings beat

2020-10-30T07:28:00+00:00

Despite the roll-call of attritional Q3 losses and an increase in its Covid-19 reserves, Swiss Re narrowed its nine-month loss with a strong performance in its P&C reinsurance division and the continuing turnaround in its loss-making Corporate Solutions unit.

II-Hub

Hub hires AJG’s Reilly as NA healthcare leader ahead of Day retirement

2020-10-30T21:20:00+00:00

Hub International has brought in Pete Reilly from Arthur J Gallagher to lead its North American healthcare practice, succeeding Glenn Day who is retiring at the end of the year.

Business interruption BI legal ruling

Insurers winning US Covid-19 motions to dismiss by 31-14: Penn Law

2020-10-30T21:18:00+00:00

The latest score card for motion to dismiss rulings in US Covid-19 business interruption (BI) cases shows insurers being granted them in 31 cases and denied in 14 cases, but policyholders are on top in cases where there is no virus exclusion.

II-Goosehead

Goosehead shares jump 15% after Q3 revenues surge

2020-10-30T20:45:00+00:00

Shares in Goosehead Insurance jumped up more than 15 percent during Friday morning’s trading after the rapidly growing business reported third quarter 2020 total revenues that increased by 51 percent year on year.

Swiss Re Q3 results

Swiss Re shares climb after Q3 earnings beat

2020-10-30T07:28:00+00:00

Despite the roll-call of attritional Q3 losses and an increase in its Covid-19 reserves, Swiss Re narrowed its nine-month loss with a strong performance in its P&C reinsurance division and the continuing turnaround in its loss-making Corporate Solutions unit.

II-Hub

Hub hires AJG’s Reilly as NA healthcare leader ahead of Day retirement

2020-10-30T21:20:00+00:00

Hub International has brought in Pete Reilly from Arthur J Gallagher to lead its North American healthcare practice, succeeding Glenn Day who is retiring at the end of the year.

Business interruption BI legal ruling

Insurers winning US Covid-19 motions to dismiss by 31-14: Penn Law

2020-10-30T21:18:00+00:00

The latest score card for motion to dismiss rulings in US Covid-19 business interruption (BI) cases shows insurers being granted them in 31 cases and denied in 14 cases, but policyholders are on top in cases where there is no virus exclusion.

II-Goosehead

Goosehead shares jump 15% after Q3 revenues surge

2020-10-30T20:45:00+00:00

Shares in Goosehead Insurance jumped up more than 15 percent during Friday morning’s trading after the rapidly growing business reported third quarter 2020 total revenues that increased by 51 percent year on year.




Aon, Guy Carpenter and Willis Towers Watson

Aon 13% organic reinsurance growth outpaces rivals in Q3

Aon’s strong reinsurance performance in Q3 means the broking giant has now delivered reinsurance organic growth of 9 percent or higher in seven of the last eight quarters.

Lloyds GWP chart index

Lloyd’s set for record size in 2021 at £40bn+ GWP

Despite the recent travails of some of its largest syndicates and the lure of Bermuda as a competing hub for new capital, Lloyd’s is on course to reach a new record size in 2021, analysis by The Insurer shows.

AIG share price index

Life changes at AIG

It is almost exactly five years ago that Carl Icahn called for AIG to break itself up. At the time the insurer countered that the move would destroy shareholder value, but much has changed since then as potential impediments have diminished and the balance between the fundamentals of P&C and ...

Aon, Guy Carpenter and Willis Towers Watson

Aon 13% organic reinsurance growth outpaces rivals in Q3

Aon’s strong reinsurance performance in Q3 means the broking giant has now delivered reinsurance organic growth of 9 percent or higher in seven of the last eight quarters.

Lloyds GWP chart index

Lloyd’s set for record size in 2021 at £40bn+ GWP

Despite the recent travails of some of its largest syndicates and the lure of Bermuda as a competing hub for new capital, Lloyd’s is on course to reach a new record size in 2021, analysis by The Insurer shows.

AIG share price index

Life changes at AIG

It is almost exactly five years ago that Carl Icahn called for AIG to break itself up. At the time the insurer countered that the move would destroy shareholder value, but much has changed since then as potential impediments have diminished and the balance between the fundamentals of P&C and ...

GoM 2020 hurricanes

Climate of change

Strong comments from RenaissanceRe and Swiss Re this week have raised the stakes in the lead-up to the 1 January property reinsurance renewal, as senior executives from both firms made the case – albeit with different reasoning – that the industry is currently underpricing cat risk.

Steve Johnston– Cincinnati Financial

CinFin confident on BI exposure, but not everybody is so sure

Cincinnati Financial CEO Steven Johnston this week once again moved to calm investor fears over his company’s exposure to business interruption (BI) losses, after the insurer lost a case that at least one observer believes could mark a meaninful shift in US Covid-19 litigation.

Insurtech

Growing the Pie

There have been predictions that insurtech evolution will see many successful start-ups swallowed up by incumbent carriers as they look to further digitize. But a series of carrier acquisitions suggests increased travel in the other direction too as distribution insurtechs display an eagerness to go head-to-head with established insurers.

GoM 2020 hurricanes

Climate of change

Strong comments from RenaissanceRe and Swiss Re this week have raised the stakes in the lead-up to the 1 January property reinsurance renewal, as senior executives from both firms made the case – albeit with different reasoning – that the industry is currently underpricing cat risk.

Steve Johnston– Cincinnati Financial

CinFin confident on BI exposure, but not everybody is so sure

Cincinnati Financial CEO Steven Johnston this week once again moved to calm investor fears over his company’s exposure to business interruption (BI) losses, after the insurer lost a case that at least one observer believes could mark a meaninful shift in US Covid-19 litigation.

Insurtech

Growing the Pie

There have been predictions that insurtech evolution will see many successful start-ups swallowed up by incumbent carriers as they look to further digitize. But a series of carrier acquisitions suggests increased travel in the other direction too as distribution insurtechs display an eagerness to go head-to-head with established insurers.