Underwriting
Ambac Shareholder Pushes for Review of ‘Strategic Alternatives’
Shareholder Joseph Pirinea said on Monday he was pushing bond insurer Ambac Financial Group to hire an investment bank to review strategic alternatives. Pirinea said the review should include the ...
China Online P/C Insurer Mulls U.S., Hong Kong IPO
Zhongan Online P&C Insurance Co., with more than 400 million customers, is targeting an initial public offering in the next 12 to 18 months as it targets winning over more younger consumers. ...
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 ...