Underwriting
New Jersey Manufacturers Knocked Off of Top A.M. Best Ranking
New Jersey Manufacturers Insurance Company's stellar financial strength rating has been downgraded a notch by A.M. Best, based on concerns about its underwriting and operating performance. The ...
VW Names New Top U.S. Lawyer as It Pursues Emissions Fix Approval
Volkswagen AG has replaced the head of its U.S. legal department with an outside lawyer as it works to win approval to fix nearly 600,000 vehicles with excess emissions, a person briefed on the ...
Beazley CEO Cautions Robust 2015 Profit Levels Are Not Sustainable
Beazley Plc Chief Executive Officer Andrew Horton said the company's return on equity of 19 percent in 2015 isn't sustainable against a backdrop of increased competition and falling insurance rates. ...
XL Catlin Ends 2015 on Firmer, Post-Merger Solid Ground
The creation of XL Catlin in mid-2015 through a $4 billion deal put in place significant new scale and market reach for the combined insurer and reinsurer. With that in mind, parent XL Group's Q4 and ...
Allstate’s Auto Claims Rise as Fourth Quarter Profit Drops 41%
Allstate Corp., the largest publicly traded U.S. car and home insurer, said fourth-quarter profit fell on a surge in auto claims. Net income declined 41 percent to $489 million, or $1.18 a share, ...
New Products: XL Catlin Addresses Workplace Violence; HSB Covers Cyber
We have two new products to tell you about this week that target the middle market. One, from XL Catlin, is a new policy that helps mid-sized companies deal with recovery from workplace violence. ...
International Insurer Reluctance Delays Oil Tanker Entry Into Iran
Oil companies looking to steal a jump on rivals in the race to benefit from Iran's emergence from Western sanctions risk having tankers left in limbo by international insurers' continued reluctance ...
AXIS Surges in Premiums Written, but Net Income Declines
For AXIS Capital Holdings, Ltd., the 2015 fourth quarter represented a last-minute surge of sorts. After an otherwise down year in terms of gross and net written premiums, both spiked higher in Q4, ...