Underwriting
Philadelphia Insurance Companies CEO O’Leary Named Chairman; Glomb Becomes President
Philadelphia Insurance Companies has a new chairman and president. The Pennsylvania-based commercial property/casualty and professional liability insurance company said that its current president and ...
27 Carriers in Play With $1.3B FEMA Flood Program Reinsurance Renewal
The Federal Emergency Management Agency reported its 2020 traditional reinsurance placement for the National Flood Insurance Program, a transaction in which 27 private reinsurers assumed $1.33 ...
Tokio Marine Commits $374M for Insurance Joint Venture With Brazil’s Caixa Bank
Tokio Marine Holdings Inc. said it will pay $374 million to form a joint venture to sell mortgage and homeowners insurance for Caixa Econômica Federal, the Brazilian state-owned bank. Caixa's ...
J&J Reportedly Agrees to Rare Talc Settlement
Johnson & Johnson agreed in the middle of a trial to pay more than $2 million to resolve a woman's claims that asbestos-laced baby powder caused her cancer, according to people familiar with the ...
Farmers Adds Uber Driver Cover to 13 Additional Markets
Farmers Insurance has expanded its commercial auto insurance coverage for Uber drivers into 13 new markets. In all, Farmers said the product is now available to drivers using the Uber App in 14 ...
American Financial Group Decides to Exit Lloyd’s of London
American Financial Group Inc. disclosed it will exit the Lloyd's of London insurance marketplace in 2020, an entity it joined in 2008 through an acquisition. The Ohio-based insurance holding company ...
Jan. 2020 Reinsurance Renewals Vary Widely
The January 2020 reinsurance renewals saw significant variation in pricing and capacity depending on geography, line of business, cedents' loss record and client relationships, according to two ...
JetBlue Discloses Plans to Become First Carbon-Neutral U.S. Airline
JetBlue Airways Corp. said it will become the first large U.S. airline to offset emissions from all of its domestic flights, aiming to become carbon neutral by July as pressure grows on the industry ...