INSURASALES

Tag: Insurance Industry

Renaissance Expands Network with Evolution Partners Acquisition

Renaissance acquires Evolution Partners' agency network, enhancing market access and technology resources for independent insurance agencies, accelerating growth and profitability.

Tesla Cybertruck Faces Rising Insurance Challenges Amid Autonomous Vehicle Expansion

Tesla Cybertruck drivers encounter increasing insurance cancellations due to high repair costs and limited production, while Tesla advances autonomous vehicle operations with new hires.

CNA Elevates Executives to Lead Expanded Global Specialty and Commercial Segments

CNA promotes David Haas to president global specialty and names Michael Nardiello and Song Kim to expanded executive roles in property, casualty, and commercial segments.

Palomar Holdings Outperforms with Strong Growth and Profitability in Specialty Insurance

Palomar Holdings reports strong earnings growth, premium valuations, and strategic expansion in crop and Surety insurance, highlighting its robust position in specialty insurance markets.

Global Natural Catastrophe Insured Losses Hit $80B in Early 2025

Natural catastrophe insured losses hit $80 billion in H1 2025, driven by record wildfires and severe storms. Swiss Re highlights wildfire risks, urbanization, and calls for improved mitigation strategies.

Increasing Trend of Outsourcing Investment Management Among U.S. Life/Annuity Insurers

AM Best reports a growing number of U.S. life and annuity insurers outsourcing investment management to asset managers, driven by private equity involvement and need for diversified expertise.

Kingstone Names Randy L. Patten as CFO to Drive Finance and Growth Strategy

Kingstone Companies appoints Randy L. Patten as CFO, bringing extensive insurance financial leadership experience to advance growth and regulatory compliance in the Northeast P&C market.

United Risk Acquires WTW’s Verita, Rebrands as Verist to Expand Specialty Insurance

United Risk acquires WTW's Verita, rebranding it as Verist to enhance specialty insurance services across multiple sectors including real estate and life sciences.

Life Insurers Expand Strategic Role in Credit Markets, Morgan Stanley Reports

Morgan Stanley reports on the strategic rise of life insurance companies in credit markets, emphasizing their evolving asset allocation strategies and growing market influence.

IME Life Insurance Honors Top Agents at 2025 Business Excellence Awards

IME Life Insurance honored its leading agents at the 2025 Business Excellence Award Night, reinforcing its focus on agent collaboration and technology-driven services in Nepal's insurance sector.