IGI enjoys profit hike in 2020
The combined ratio for the fourth quarter 2020 was 96.8%, compared to 101.0% for the same quarter in 2019.
2020
M&A in insurance distribution continues to soar to record heights
In March 2020, when the World Health Organization (WHO) declared the COVID-19 outbreak a global pandemic, the economy screeched to a halt.
SIAA posts record written premium in 2020
Despite the pandemic, 2020 was a good year for Strategic Insurance Agency Alliance (SIAA).
Centene Corp to slash 3,000 jobs
In December 2020, Centene completed two major acquisitions, taking over Apixio, a healthcare analytics company offering artificial intelligence (AI)
Holmes Murphy CEO shares “secret sauce” to 87-years of independence
Off the back of a “strong” 2020 in which Holmes Murphy and its clients “weathered the [COVID-19] storm well,” according to chairman and CEO Dan Keou
Marsh & McLennan reveals Q4 and year-end results
Marsh & McLennan Companies, Inc. (MMC) has reported 2020 full-year revenue growth of 3% after closing the year with a “strong fourth quarter”.
Insurers that innovate gain underlying competitive advantage
In March 2020, AM Best formally introduced a new criteria procedure, called ‘Scoring and Assessing Innovation’.
Auto insurance rates decline across the U.S.
Auto insurance rates declined in 2020 for the first time in a decade, according to a recent survey by ValuePenguin.com.
Vast uncertainties enter commercial P&C insurance market
Before the pandemic hit, 2020 was shaping up to be a challenging year in long-tail lines of business, particularly within the casualty, financial li
Happy Holidays from all at Insurance Business America
To say 2020 has been a ‘challenging year’ would not only be cliché, it would also be setting new records amid the ranks of understatement.
