Underwriting
Chubb Forms North America Small Commercial Insurance Arm
Chubb has launched its North America Small Commercial Insurance division, a targeted effort to reach a market segment where industry observers see big growth potential. Today's Chubb is the product ...
Five Actions Auto Insurers Should Take to Thrive in the Autonomous Tech Boom
We are in the golden age of autonomous technology, with new car models rolling off the assembly line daily with state-of-the-art crash avoidance features. Innovations such as parallel-park assist, ...
Iranian Hacking of U.S. Targets Was Widespread: Federal Prosecutors
Hackers linked to the Iranian government launched cyber-attacks on some four dozen U.S. financial institutions and a flood-control dam north of New York City in forays meant to undermine U.S. markets ...
Insurers/Reinsurers Fail to Adequately Cover Global Terrorist Threats: JLT
The re/insurance industry is failing to respond to the growing global terrorist threat with products that meet the needs of their clients, according to a report published by JLT Re and JLT Specialty ...
ACP Re’s Late Financials Lead to A.M. Best Review with Negative Implications
ACP Re Ltd., a Bermuda reinsurance company with multiple property/casualty subsidiaries, is finding its A.M. Best ratings under review with negative implications. A.M. Best said the "under review ...
PartnerRe Adds ‘CEO’ to Company President’s Title
PartnerRe, now owned by Italian investment firm EXOR after a $6.9 billion acquisition, has added "CEO" to company president Emmanuel Clarke's title. The Bermuda-based reinsurer said that Clarke will ...
Low Catastrophes, High Reserve Releases Mask Reinsurance Industry Weakness
Weak business conditions in the reinsurance industry are being masked by a low level of catastrophes and a high level of reserve releases, said Standard & Poor's Ratings Services and Fitch ...
Whistleblower Sues Abbott for $1 Billion in Trial Over Stent Marketing
Abbott Laboratories is accused in a trial that started Tuesday of marketing unapproved stents for unsuspecting patients and cheating Medicare, as a whistleblower seeks more than $1 billion, a risk ...