Insurance networks at a crossroads: Growth slows as consolidation reshapes the industry

The case, pending in the Southern District of New York, pits Newmont Corporation and its subsidiary, Newmont Ghana Gold Limited, against several major insurance carriers, including American International Group UK Limited (AIG UK), Munich Re, Swiss Re, Zurich American, Starr International, and several Lloyd’s underwriters. Newmont is seeking coverage under a suite of insurance policies…

Insurance bundling in the US ​Bundling home and auto insurance policies is a common practice in the insurance industry. Insurers often encourage this by offering discounts and streamlined services. However, while bundling is promoted through discounts and convenience, critics say making it compulsory could infringe upon consumer rights and limit market competition. Source link

Kashif Syed, HGIC’s chief information and transformation officer, said that the cloud-based system allows the company to focus internal resources on functions that provide value to employees, brokers, and policyholders while Guidewire handles system maintenance and updates. Source link

Other benefits, such as financial education, salary advances, and employee discount programs, contribute to overall financial security. Flexible work arrangements, while not a direct financial benefit, can also have a significant financial impact by reducing costs related to commuting, childcare, and other expenses. Source link

Industry and market outlook The leadership transition comes as Argo adapts to shifting industry dynamics, including regulatory changes, rising litigation costs, and evolving risks in the specialty insurance sector. With Donahue at the helm, the company is expected to continue refining its underwriting approach while seeking growth opportunities in niche markets. Source link

Profit climbs, returns improve, and underwriting beats targets Source link