Underwriting
Everest Re Closes $49M Sale of U.S. Crop Insurance Subsidiary
Everest Re Group has closed the sale of its U.S. crop insurance subsidiary, pocketing $49 million in the process. Plans for CGB Diversified Services to buy Heartland Crop Insurance were first ...
The Latest Launches From CNA, Endurance and Beazley
CNA launched new coverage designed to address M&A issues among insurers. Endurance unveiled a new workers compensation insurance product available to one of its divisions. Beazley just doubled ...
GM Wins Third Ignition-Switch Trial, Though Many Lawsuits Remain
General Motors Co.'s victory in a Houston courtroom Thursday makes the carmaker three for three in trials related to an ignition-switch defect, but its legal entanglements may stretch on for years. ...
Millennial Small Business Owners Better at Addressing Risks: Nationwide
Millennial business owners may be far better at addressing professional risks than their older counterparts, a new Nationwide study has found. Their attentiveness to various kinds of ...
AIG, Chubb, XL Group Lead in U.S. Cyber Coverage Market Share: Fitch Ratings
The U.S. property/casualty insurance industry generated $1 billion in direct written premium volume for cyber insurance in 2015. AIG, Chubb and XL Group led the market, according to Fitch Ratings. ...
Central Italy Earthquake Destroys Towns, Kills at Least 63 People
A powerful earthquake hit central Italy in the middle of the night, destroying small mountain towns and burying victims in the rubble of collapsed buildings. At least 63 people were killed, Italian ...
Report: AIG In Early Talks to Sell Lloyd’s Insurance Business
American International Group Inc is in early talks to sell Lloyd's of London Ltd's insurance operations to Canada Pension Plan Investment Board (CPPIB), the Wall Street Journal reported on Tuesday. ...
Reinsurers’ Catastrophe Defenses Weakened by Hedge Fund Rivals
It won't take another Hurricane Katrina for reinsurers to face losses from covering the cost of storms and earthquakes. Competitors such as hedge funds have eroded prices so much that a typical year ...