Glenn Renwick, the former President, CEO and Chairman of the Board of the Progressive Corporation, has died at age 69 following a car accident in Florida. Renwick was born in Dunedin, New Zealand. He ...

US auto insurers are racing to increase premium rates as they seek to offset historically poor underwriting results. The year-to-date nationwide average increase for private auto insurance is 16% in ...

Economic losses from natural catastrophes in the EU are rising due to increased economic exposure and the growing severity of climate-related disasters. Between 1981 and 2023, NatCat events caused ...

The European insurance sector’s risks remain stable at medium levels, with some vulnerabilities linked to market volatility and fluctuating real estate prices, according to EIOPA’s Insurance Risk ...

For private businesses, Bloomberg applies comparisons with similar publicly listed companies using enterprise value-to-Ebitda or price-to-earnings ratios. If net debt is unknown, the valuation assumes ...

The insurance-linked securities (ILS) market reached a record $107bn in capacity by the end of 2024. AM Best Director of ILS Matt Tuite attributes this expansion to strong investor returns, rising ...

Employer medical and health insurance costs are higher than they’ve ever been and are increasing at rates that have not been seen in nearly a decade. In 2023, costs were projected to increase by 9.2% ...

International insurtech bolttech has acquired Digital Care, a leading embedded protection company based out of Poland. bolttech and Digital Care will reinforce a leading embedded protection position ...

According to The Croatian Financial Services Supervisory Agency, total premium collected by insurance companies in 2023 amounted to EUR 1.7 billion, of which EUR 300 million (18.4%) related to life ...

The Saudi insurance market is expected to see further consolidation in 2024 and 2025 on the back of the ‘2030 Saudi Vision’, according to Fitch Ratings. New minimum capital requirements are helping ...

Allianz SE has announced strong financial results for the third quarter of 2024, with a 13.6% increase in operating profit, reaching €3.9 bn. The impressive performance is largely attributed to the ...

In addition to adopting alternative investment strategies and increasing the use of offshore reinsurers, the U.S. Financial Stability Oversight Council said there has been a shift in the composition ...