Everest Re Group, Ltd. (RE) announced today estimated third quarter 2020 catastrophe losses. Everest is estimating pre-tax net catastrophe losses in the amount of $300 million, net of reinsurance and reinstatement premiums. Juan C. Andrade, Everest CEO commented: Our thoughts and sympathies go out to all those affected by these recent catastrophe events.
The U.S. property/casualty industry in the past five years has paid out $16.1 billion for asbestos and environmental claims while incurring $11.3 billion in losses, according to a new AM Best report.
Argo Group International Holdings, Ltd. (ARGO), announced today that its results for the third quarter of 2020 will be adversely affected by estimated losses related to various natural catastrophe events and the continued impact of the COVID-19 pandemic.
Customer retention rate increases to 98% Today, national healthcare management and administration firm WellNet, who provides lower cost, group health insurance plans for companies and their employees, announces that its Net Promoter® Score is 82. The NPS score is a highly regarded metric that measures overall customer experience and loyalty.
West Coast earthquake insurance underwriter broadens its coverage solution for brokers nationwide. EQ One, one of the West Coasts premier earthquake insurance underwriters, has added additional capacity to its earthquake solutions through a new relationship with Munich Re Specialty Insurance, a market leader.
AM Bests annual Insurance Market Briefing - MENA will be held as a complimentary webinar on 3 November 2020, at 14:00 hours, Gulf Standard Time, to discuss theinsurance markets of the region. The Middle East and North Africa region's markets, particularly for reinsurance companies, have been characterised by competitive pricing pressures, overcapacity and increased incidences of large losses.
The Allstate Corporation (ALL) today announced estimated catastrophe losses for the month of September of $339 million, pre-tax. Catastrophe losses in September included 20 events at an estimated cost of $293 million, pre-tax, plus unfavorable reserve reestimates.
Securian Financial earned the No. 1 ranking in a market research firms review of online enrollment processes for workplace retirement plans. In-person enrollment meetingsespecially in the current public health environmentare fading to memory, and effective digital enrollment processes are more important than ever.
RenaissanceRe Holdings Ltd. (RNR) today announced it currently estimates that losses from third quarter 2020 catastrophe events will have an estimated net negative impact of approximately $325 million on its third quarter 2020 results of operations.
Kroll Bond Rating Agency releases its QuarterlyInsurance Insights report in which we provide our views on key insurance and reinsurance industry trends in the U.S. life, U.S. property/casualty, and global reinsurance subsectors. Overall, the life insurance industry so far generally appears to have well managed the impacts of COVID-19. Click here to view the report.
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