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 ...

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 ...

Direct premiums written (DPW) for U.S. total automobile insurance surged by 13%, reaching $383 bn, as revealed by AM Best’s Ranking. This growth reflects a dynamic and competitive landscape among the ...

MetLife, a leading life insurance company, has announced the launch of MetLife Xcelerator in Latin America. MetLife Xcelerator presents distribution partners with a fresh avenue to enhance value for ...

CoreLogic, a property information and analytics provider, has released its 2024 Hurricane Risk Report to assist insurers and risk managers in preparing for the upcoming Atlantic hurricane season. The ...

The P&C insurance industry has experienced challenges in recent years due, in large part, to increases in the frequency and severity of natural catastrophes, as well as a tightening reinsurance market ...

US auto insurers are racing to increase premium rates as they seek to offset historically poor underwriting results. The year-to-date nationwide average increase for private auto insurance is 16% in ...

Direct premiums written in the U.S. private passenger automobile liability market grew 13% to $162 bn. Many leading companies maintained their top 10 positions, according to AM Best. Beinsure Media ...

The insurance industry, long perceived as traditional and often bogged down by complex paperwork and delayed claims, is on the cusp of a transformative revolution. This change is being driven by ...

The insurance-linked securities (ILS) market reached a record $107bn in capacity by the end of 2024. AM Best Director of ILS Matt Tuite attributes this expansion to strong investor returns, rising ...

In addition to adopting alternative investment strategies and increasing the use of offshore reinsurers, the U.S. Financial Stability Oversight Council said there has been a shift in the composition ...

Allianz SE has announced strong financial results for the third quarter of 2024, with a 13.6% increase in operating profit, reaching €3.9 bn. The impressive performance is largely attributed to the ...