Insurance
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Lincoln International Completes Acquisition of MarshBerry
The acquisition significantly expands Lincoln’s presence in the insurance and wealth management markets in the United States and Europe, adding…
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Kansas City Life reports strong third-quarter results
By comparison, peer Globe Life Inc. in the same market size reported diluted net income per share of $4.73 in…
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$4 billion insurance deal could be announced as early as this weekend
Led by former Guggenheim Partners executive Rudy Sahay, New York-based Aquarian has been at the forefront of deploying insurance assets…
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Detroit to pay nearly $6 million in compensation for bus driver’s death in multiple crashes
The city of Detroit has agreed to pay $5.85 million to settle a lawsuit involving a pedestrian struck and killed…
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Swiss Re CEO urges ‘risk transformation’ as Hurricane Melissa causes costly impact
Rising costs, widening protection gaps in focus after Hurricane Melissa Berger cited the transformation of New Orleans after Hurricane Katrina…
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Legal system abuse leads to $281B in additional insurance losses: study
“The data clearly show that insurance loss inflation has its own unique drivers,” said James Lynch, co-author of the study.…
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Steadfast Group CEO ‘stands idly by’ as complaints investigation proceeds
The leader of Steadfast Group is expected to address shareholders at the company’s annual general meeting today following Robert Kelly’s…
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Global property insurance rates drop again as catastrophe losses ease
Even some high-risk properties are getting relief as insurers gain confidence and capital surges
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‘Multiple cycles’ marks a new era for global reinsurance
Swiss Re’s Nate Bunck says property, casualty and specialty lines are now growing at different rates
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CITGO forces insurance companies to pay $54 million for Venezuelan oil cargo losses
Anticipating the potential risk, CITGO obtained a marine cargo insurance policy from a syndicate of major reinsurers, including several Lloyd’s…
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