Most read stories for the week include a report on an increase in the U.S. property and casualty industry's 2017 net underwriting loss and a story on S&P Global striking a $550 million deal to acquire Kensho Technologies.
Catastrophes push US P&C industry to $20B-plus underwriting loss in '17
Based on S&P Global Market Intelligence's aggregation of 2017 statutory results for 2,452 individual P&C entities as reported on March 6, the industry's net underwriting loss swelled to approximately $20.16 billion from $2.10 billion for the same companies in 2016.
AIG takes next step in mortgage securitization effort with $446.2M deal
Months after prime jumbo mortgage loans aggregated by AIG-owned conduits filled the collateral pools of at least two Credit Suisse First Boston Mortgage Securities Corp. securitizations, American International Group Inc. has launched its own program under the Pearl Street Mortgage Co. name.
More consolidation among Bermuda insurers likely after XL deal, analysts say
Following French life insurer AXA's announced $15.26 billion acquisition of XL Group Ltd. and American International Group Inc.'s $5.56 billion deal for Validus Holdings Ltd., other Bermuda insurers may become targets.
S&P Global strikes 4th-largest fintech deal of 2018 with Kensho
S&P Global Inc. is wading further into the waters of artificial intelligence with a $550 million bid to acquire Kensho Technologies Inc.
Legal defense of Idaho's proposed health plans hinges on single phrase in ACA
The legal justification for Idaho's new health plans that sidestep Affordable Care Act rules relies on a reading of a specific phrase in the health law, according to a letter reviewed by S&P Global Market Intelligence.
