Underwriting
Business Interruption: U.S. Automakers Curtail Operations After Severe Cold, Gas Utility Fire
The three largest automakers in the U.S. suspended operations, or dialed them back, at several plants on the coldest day of the year after a fire at a natural gas facility in Southeast Michigan ...
Covea Abandons Hostile Takeover of French Reinsurer SCOR
Scor SE slumped the most in more than a decade in Paris trading after rival Covea abandoned efforts to buy the French reinsurer, ending one of the country's most acrimonious takeover attempts in ...
AXIS Loses Nearly $200M in Q4
AXIS Capital Holdings closed out its 2018 fourth quarter with a nearly $200 million net loss, something President and CEO Albert Benchimol blamed largely on higher property catastrophe losses. The ...
Commercial Auto Has a Long Way to Go Before Rebounding: W.R. Berkley CEO
Despite better pricing, commercial auto still has a way to go before it rebounds from its long-term problems, according to W.R. Berkley Corp.'s president and CEO. "It is very clear that the market is ...
W.R. Berkley’s Reinsurance Combined Ratio Worsens; Q4 Net Income Dips
W.R. Berkley Corp. ended 2018 with a decline in net income and worsening reinsurance combined ratio, thanks to higher catastrophe loss expenses. At the same time, insurance premiums and investment ...
Bayer/Monsanto Fails to Keep Controversial Evidence From Roundup Cancer Trials
A federal judge overseeing lawsuits alleging Bayer AG's glyphosate-based Roundup weed killer causes cancer on Monday tentatively allowed pieces of controversial evidence that the company had hoped to ...
InsurTech Avinew Raises $5M; Helps Reward Use of Autonomous Driving Tech
InsurTech startup Avinew has raised $5 million in seed financing from American Family Insurance and others, with an eye on helping auto insurers reward drivers that use autonomous and semi-autonomous ...
UK Lawmakers Vote to Have May Demand EU Reopen Brexit Deal
British lawmakers on Tuesday instructed Prime Minister Theresa May to demand that Brussels replace the Irish border arrangement known as the "backstop," in a last-ditch attempt to renegotiate an exit ...