Triple-S

Insurance Business America | April 02, 2020

A new release from financial analysis firm Demotech has revealed that in addition to the business interruption insurance segment, there is another sector facing immense stress caused by the COVID-19 pandemic – credit insurance. According to the release, there were 102 insurers as of December 31, 2019 that reported direct premium written for credit insurance. Direct premium written for credit insurance for those insurers was $2.2 billion at year-end 2019. Of the 102 credit insurers, the top...

CORE INSURANCE

Bestow Inc. | December 09, 2021

Life insurance technology company Bestow and Equitable, a leading financial services company and principal franchise of Equitable Holdings (NYSE: EQH), today announce a first-of-its-kind enterprise partnership and the launch of a new, entirely digital term life insurance offering called Term-in-10SM. "As one of the most respected life insurers in the industry, Equitable is the ideal first enterprise carrier partner for us at Bestow, We came together because of o...

Genstar Capital | March 30, 2020

Private-equity firm Genstar Capital has announced that it has partnered with insurance industry executives to establish Obsidian Insurance Holdings, a new fronting insurance holding company, with $100 million of capital. Obsidian’s insurance carrier subsidiary, Obsidian Insurance Company, has a financial strength rating of A- from AM Best to issue policies underwritten by managing general agents, managing general underwriters and program managers. Obsidian will source, underwrite, and mana...

Insurance Business Magazine | January 29, 2020

Total insurance industry deals for December totaled $14.31 billion, according to analytics company GlobalData’s deals database. The value represented a 233.5% month-over-month spike, and an increase of 224.4% over the 12-month average of $4.41 billion. There were fewer overall deals, however, with a total of 93. That’s a drop of 3.1% over the last 12-month average of 96 deals. North America led deals activity with deals totaling $9.02 billion, according to GlobalData. The top five in...