CarrierManagement.com is the must-read executive report for P/C insurance carriers’ top leaders and boards, offering news, trends and analysis by and for executives on reinsurance, leadership, strategy, technology, innovation and more.

CarrierManagement.com is the must-read executive report for P/C insurance carriers’ top leaders and boards, offering news, trends and analysis by and for executives on reinsurance, leadership, strategy, technology, innovation and more.

CarrierManagement.com is the must-read executive report for P/C insurance carriers’ top leaders and boards, offering news, trends and analys...

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Chubb's Greenberg: On War, Ex-CAT Reporting and Insurance Profits

Chubb's Greenberg: On War, Ex-CAT Reporting and Insurance Profits

When Chubb published its 2021 annual report online this week, it contained more than the details of the best y...

Article / 1 month ago

Lemonade Execs Expect 'Peak Losses' in 2022

Lemonade Execs Expect 'Peak Losses' in 2022

With unfavorable development and product mix changes propelling fourth-quarter and full-year loss 2021 ratios ...

Article / 3 months ago

U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021

U.S. P/C Industry Grew Surplus Despite Underwriting Loss in 2021

Insurance rating agency AM Best said it expects the U.S. property/casualty insurance industry to record an inc...

Article / 3 months ago

Sayata Brings Total to $52M With Latest Raise in Funding Round

Sayata Brings Total to $52M With Latest Raise in Funding Round

Sayata Brings Total to $52M With Latest Raise in Funding Round

Sayata, a marketplace for insurance brokers and carriers, added $35 million to its latest funding round. The InsurTech previously raised $17 million five months ago...

Article / 4 months ago

As COVID Spread, European P/C Insurers Took Hits but Remained Resilient: AM Best

As COVID Spread, European P/C Insurers Took Hits but Remained Resilient: AM Best

European property/casualty insurers faced a dip in total average gross written premium and after-tax profit in...

Article / 6 months ago

PartnerRe's Q3 Premiums Grew; Catastrophe Losses Hurt Income

PartnerRe's Q3 Premiums Grew; Catastrophe Losses Hurt Income

PartnerRe's Q3 Premiums Grew; Catastrophe Losses Hurt Income

PartnerRe Ltd., once again in line to be acquired by France's Covéa, finished its 2021 third quarter with large catastrophic losses, double digit premium hikes and a big ...

Article / 6 months ago

Strong Gains as U.S. P/C Insurers Emerge From the Pandemic

Strong Gains as U.S. P/C Insurers Emerge From the Pandemic

U.S. property/casualty insurers saw their net income jump to $37.5 billion in the 2021 first half, up from $24...

Article / 7 months ago

Chubb's Q3 Net Income Jumped 58 Percent, Driven by 'Outstanding' Premium Revenue

Chubb's Q3 Net Income Jumped 58 Percent, Driven by 'Outstanding' Premi...

Chubb's Q3 Net Income Jumped 58 Percent, Driven by 'Outstanding' Premium Revenue

Chubb's Q3 net income soared more than 58 percent year-over-year, as premium gains continued their double-digit climb...

Article / 7 months ago

Florida Insurers Are Swimming in a Sea of Red Ink: Citizens CEO Gilway

Florida Insurers Are Swimming in a Sea of Red Ink: Citizens CEO Gilway

Florida Insurers Are Swimming in a Sea of Red Ink: Citizens CEO Gilway

It's not just a few Florida property insurance companies that are running into financial trouble...

Article / 7 months ago

Higher Catastrophe Losses Will Dampen Q3 Earnings: KBW Analysis

Higher Catastrophe Losses Will Dampen Q3 Earnings: KBW Analysis

Higher Catastrophe Losses Will Dampen Q3 Earnings: KBW Analysis

Higher catastrophe losses should help push Q3 2021 earnings per share below consensus for carriers, but rate increases...

Article / 7 months ago

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Markel Co-CEO Whitt to Retire Next Year

Markel Co-CEO Whitt to Retire Next Year

Markel Corporation announced Wednesday that Richard R. Whitt III, Co-Chief Executive Officer of Markel, p...

Net-Zero Business Opportunities Could Double Size of London Insurance Market: LIIBA

Net-Zero Business Opportunities Could Double Size of London Insurance Marke...

The business opportunities provided by the global transition to net zero is potentially large enough to d...

Tesla Insurance Turning 'Nightmare' Claims Experience Into 'Dream': Musk

Tesla Insurance Turning 'Nightmare' Claims Experience Into 'Dream': Musk

Tesla is “trying to turn a nightmare into a dream with Tesla Insurance,” Chief Executive Officer Elon Mus...

Why One Carrier Decided to Stick With Fully Remote Working

Why One Carrier Decided to Stick With Fully Remote Working

Topa Insurance Company (TIC), like most insurance businesses, shifted to a remote workforce out of necess...

Insurers Found Liable for $101M Payment Into Lead Paint Abatement Fund

Insurers Found Liable for $101M Payment Into Lead Paint Abatement Fund

Taking a calculated risk by selling a hazardous product isn’t the same as intentionally causing harm. For...

California's PG&E to Pay $55M to Avoid Criminal Charges Over Wildfires

California's PG&E to Pay $55M to Avoid Criminal Charges Over Wildfires

California utility PG&E Corp has reached settlement agreements with district attorneys representing North...

Chubb's Greenberg: On War, Ex-CAT Reporting and Insurance Profits

Chubb's Greenberg: On War, Ex-CAT Reporting and Insurance Profits

When Chubb published its 2021 annual report online this week, it contained more than the details of the b...

Marsh McLennan Commits to Net-Zero by 2050

Marsh McLennan Commits to Net-Zero by 2050

Marsh McLennan has made a commitment to achieve net-zero across its operations by 2050 and reduce its emi...