Last year, TWFG Insurance, a Texas-based insurance broker, made a strong market debut. Priced at $17 per share, the IPO exceeded expectations, closing at $22.10 on its first trading day – a surge of over 30%. The company raised approximately $170 million, which is earmarked for debt repayment, potential acquisitions, and general corporate purposes.
Moreover, the strong and consistent earnings of these insurers have contributed to their robust capital positions. Zurich and Chubb have shown strong capital generation capabilities despite external challenges, including catastrophe claims, the COVID-19 pandemic, inflationary pressures, and rising interest rates. AXA, through its transformation efforts, has also improved its capital generation, with its Solvency II…
“We had greenwashing a couple of years ago, where companies claimed to be more sustainable or environmentally conscious than they really were,” Shah said. “Now, we’re seeing AI-washing – companies talking about their use of AI or their research into it in a way that doesn’t necessarily reflect reality.” Source link
North Dakota has officially transferred oversight of its state fire and tornado fund from the insurance commissioner to the Office of Management and Budget (OMB), following the enactment of House Bill 1027. The change centralizes fund management under the OMB, which now oversees risk coverage for state agencies, political subdivisions, winter shows, and the International…
