Underwriting
The Latest Launches From XL Catlin and Ironshore
XL Catlin is selling a new policy designed to help U.S. companies that store, handle and transport goods. Ironshore is beefing up its terrorism/shooter coverage with an added endorsement. *** XL ...
Wells Fargo Slammed With Class Action Lawsuit Regarding Sales Practices
A shareholder class action lawsuit was filed against Wells Fargo & Co on Monday that alleged the firm misled investors about its financial performance and the success of its sales practices. ...
U.S. E&S Results Crush P/C Industry as a Whole: Fitch Ratings
E&S underwriters continued to greatly outperform the U.S. P/C industry at large in terms of combined ratio in 2015, even though the sector takes up just a fraction of the overall market, Fitch ...
Tokio Marine Rebrands a Subsidiary to Better Capture More U.S. Business
A subsidiary of Japanese property/casualty insurance giant Tokio Marine is rebranding with an eye on capturing more commercial business from U.S.-headquartered companies. The unit, formerly known as ...
Cyber Breach Costs Aren’t Significant Enough to Spur Big Security Investment in Computer Security
The cost of a typical cyber breach to an American company is much less than has been generally estimated, providing one possible explanation for why companies do not invest more to improve computer ...
More Insurers Boost Their Cash Holdings as Credit Worries Build: BlackRock
Insurers expect to slow purchases of high-grade corporate debt and hold more cash over the next two years, potentially squeezing already low returns, BlackRock Inc. said. "Cash balances are ticking ...
Business Email Compromise: Which Insurance Policy Pays?
Con artists have been increasingly busy the past couple of years convincing employees of companies and financial institutions to transfer funds to accounts masquerading as those of legitimate vendors ...
Firms Race to Gather Data Proving Drone Deliveries Are Safe
United Parcel Service Inc's launch this week of drone test flights simulating emergency medical-supply deliveries highlights a race for data to prove such deliveries can be performed safely. UPS's ...