Floods in Germany, ice storms in Texas and heat domes in the Pacific Northwest are focusing attention in the insurance industry on the cumulative damage wrought by clusters of second-tier catastrophes...
Insured losses from natural disasters hit a 10-year high of $42 billion in the first half of 2021, with the biggest loss related to extreme cold in the United States in February, insurance broker Aon said...
States unveiled a historic $26 billion settlement with drug companies to resolve thousands of opioid-crisis lawsuits, paving the way for communities across the country to secure a jolt of funding to...
Ryan Specialty Group Holdings, Inc. ("Ryan Specialty") today announced the pricing of its initial public offering of 56,918,278 shares of its Class A common stock at a price to the public of $23.50 per...
RLI Corp. reported second quarter 2021 net earnings of $81.8 million ($1.79 per share), compared to $92.2 million ($2.04 per share) for the second quarter of 2020. Operating earnings(1) for the second...
Favorable pricing trends in U.S. medical professional liability insurance (MPLI) have not yet translated to a reversal of weak segment underwriting performance, Fitch Ratings says. Continued rate...
Marsh McLennan, the world’s leading professional services firm in the areas of risk, strategy and people, today reported financial results for the second quarter ended June 30, 2021.
Dan Glaser,...
Great-West Lifeco Inc. said Wednesday that it will acquire a full-service retirement business from Prudential Financial Inc. for $3.55 billion.
The Canadian insurance-centered financial holding company...
German reinsurance giant Munich Re reported a preliminary second-quarter net profit of 1.1 billion euros ($1.3 billion) on Tuesday, up from 580 million last year despite payouts linked to Covid-19....
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