Progressive’s September Combined Ratio Improves to 90.0 From 100.4 a Year Ago
Progressive’s September release reports a lower combined ratio for the month and the quarter, with premiums, earnings, share count and policies in force.
Player Type
Insurers
Porch Group Announces Agreement to Acquire Allied Trust
Porch Group and its Reciprocal announce an agreement to acquire Allied Trust’s carrier and managing general agency, subject to regulatory approvals and customary closing…
Prudential Details FSA Suspension and Improvement Orders for Its Japan Units
Prudential Financial described the business suspension and business improvement orders issued to Prudential of Japan, Gibraltar Life and Prudential Holdings of Japan, including the…
Joint Paper Identifies Four Tenets on Insurability of Carbon Management
A joint paper from OGCI, the Geneva Association and the CEM CCUS Initiative identifies four guiding tenets and workshop insights on insurability and risk…
Bank of England Staff Paper: UK and US Life Insurers Diverge on Corporate Bonds
A Bank of England staff working paper examines how UK and US monetary policy shocks affect life insurers’ demand for UK corporate bonds, with…
Citizens Signs Bestow Platform Deal for Its Final Expense Whole Life Products
Citizens, Inc. entered into a Master Software as a Service Agreement with Bestow Agency LLC, in an arrangement covering its final expense products, an…
Prudential Life Japan Publishes Report on Inappropriate Monetary Conduct
Prudential Life Insurance Co., Ltd. has published a Special Investigation Committee report on Inappropriate Monetary Conduct, with details on discipline, reimbursement and reforms the…
F&G Form 8-K Estimates Third-Quarter Alternative Investment Income
F&G Annuities & Life’s Form 8-K estimates its third-quarter investment income from alternative investments, with the company’s own caveats.
Horace Mann Completes Employee Services Acquisition From Medical Mutual of Ohio
Horace Mann has completed its acquisition of Employee Services, LLC from Medical Mutual of Ohio, while a separate Reserve National transaction is still pending.
Swiss Re Institute and LSE Report Rising Risk Interconnections, With AI a Stronger Node
Swiss Re Institute and LSE report rising corporate risk interconnections, with AI a stronger node, and set out implications for re/insurers.