U.S. final expense life insurance new annualized premium increased 16% year over year to $1.05 bn in 2024, according to LIMRA-Life Insurers Council (LIC) Survey Report. The study examines sales data ...

Canada’s Office of the Superintendent of Financial Institutions (OSFI) launched three consultations and introduced changes to the Life Insurance Capital Adequacy Test (LICAT), as part of its Spring ...

Trucordia, formerly known as PCF Insurance Services, will receive a $1.3 bn investment from Carlyle’s Global Credit platform. The deal, which values the company at $5.7 bn and is expected to close ...

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 ...

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 ...

Source: Beinsure.com by Bloomberg’s data Switzerland’s Top 10 Richest Men. Switzerland, known globally for its financial stability, high living standards, and discretion, is also home to a number of ...

Swiss Re reported strong first-quarter results in both its property & casualty and life & health reinsurance businesses, despite a slight drop in revenue and continued caution in U.S. casualty lines.

KatRisk, a provider of catastrophe risk modeling software for the insurance and financial sectors, has acquired Gamma, a company based in Dublin specializing in location intelligence and ...

Canadian P&C managing general agent Revau has entered a strategic partnership with Texas-based MGAs Brazos Specialty Risk Insurance and Twenty Mile Insurance Services. The agreement expands Revau’s ...

Louisiana’s House of Representatives passed House Bill 148, which would give the insurance commissioner more authority to reject rate filings considered excessive. The bill defines “excessive” as a ...

AUTHOR: Peter Sonner — Tech Editor at Beinsure Media Disclaimer: The material is provided for informational purposes. Trading in financial markets involves significant risk and is not suitable for ...

Source: International Monetary Fund (IMF)3. While these strategies may reduce geopolitical risks, they come at the cost of efficiency, ultimately raising production costs and consumer prices..