E&S/Specialty

The proposed deal, valued at approximately $23B, was driven by Chubb's hunger for small commercial, S&P Global commented.

The insurance industry can expect a 'tail' of COVID-19 claims as businesses reopen and the economy springs back to life.

There are around 150 million cats and dogs in the U.S., and only 3% are insured, showing room for market penetration.

A survey also showed just one in 10 people had very good cyber protection in place, highlighting a growing need for personal cyber coverage.

The proposed deal, which would largely be settled in cash, represents a 26% premium on The Hartford's average share price, Chubb stated.

Litigation is mounting as a result of Winter Storm Uri. Here, a prominent Texas attorney provides insight for claimants and insurers.