Underwriting
Brussels Wins as Lloyd’s Choice for Post-Brexit EU Hub
Lloyd's of London, the insurance market founded in the British capital in 1688, plans to open a European Union hub in Brussels following the U.K. vote to leave the bloc. The company expects the ...
Markel Moves to Build Trade Credit Business in Canada
Markel International, the specialist insurer and subsidiary of Markel Corp., is launching its trade credit and political risk business in Canada. Markel Canada will handle underwriting for this on ...
Executives On The Move at AIG, XL Catlin, Chubb and More
The Insurance Information Institute appointed a new head of Communications. A former AIG exec rejoined as chief auditor. XL Catlin added an Environmental Insurance regional leader in San Francisco. ...
Slice Labs’ Pay-Per-Use Rideshare Insurance App Enters Real-World Test Phase
About a year after its debut, insurance tech startup Slice Labs said it has completed a pay-per-use rideshare insurance app. The next step: testing the technology with "a select set" of rideshare ...
A Medical Professional Liability Capital Cushion Is Also a Barrier to Profit
For all the changes in health care over the past 10 years, the principal challenges facing medical professional liability (MPL) insurance have mostly remained the same since its crisis in the ...
U.S. Personal Auto Rate Hikes Weren’t Enough to Halt Weakening Market: Fitch
U.S. personal auto underwriters increased premium rates "significantly" in 2016. But here's the thing: it wasn't enough. Loss trends are still outpacing rate changes. Also, the U.S. P/C industry ...
Lack of Comma Sense Launches Debate After Ruling in $10M Lawsuit
It all came down to a missing comma, and not just any one. And it's reignited a longstanding debate over whether the punctuation is necessary. A federal appeals court decided this week to keep alive ...
Global Insured Disaster Loss Events Climbed 43% in 2016: Swiss Re
Global insured losses from disaster events hit $54 billion in 2016, up 43 percent from the previous year, as countries around the world dealt with earthquakes, storms, floods, wildfires and other ...