Underwriting
Ironshore Aims to Cover U.S./Canada Wood Frame Commercial Construction
An Ironshore division plans to start covering wood frame commercial construction products in the U.S. and Canada. Ironshore Global Property will accomplish this through expansion of its Builders' ...
Lloyd’s Discloses Standardized Data Requirements for Cyber Risks
Lloyd's of London has developed common core data requirements for cyber risks, a task achieved through collaborating with modeling firms AIR Worldwide and RMS, along with RMS' partner, the Cambridge ...
Hiscox Adds Nuclear and Biothreat Coverage to Terrorism Portfolio
Hiscox said it has beefed up its terrorism coverage, with an eye on addressing nuclear, chemical or biological threats. The specialist insurer also noted it provides the coverage, including policies ...
Marine Insurer Caution Will Slow Oil Tanker Market’s Return to Iran
Foreign oil tanker owners are expected to make a slow return to Iran despite the lifting of many sanctions as insurers tread carefully, leaving shipping players unwilling to pick up cargoes as ...
Merck Will Pay $830M to Settle Securities Suit Over Recalled Heart Drug
U.S. drugmaker Merck & Co on Friday said it would pay $830 million to settle a federal class action lawsuit involving allegations the company failed to adequately inform investors about heart ...
Auto Liability Will Buck Price Declines, and Other Marsh 2016 Predictions
Pricing may be plunging across much of the U.S. casualty market in 2016, but not for auto liability. Higher pricing and reduced capacity will likely hit automotive liability over the next year, ...
Asia P/C Investment Driven by Limits at Home: Arch Capital, XL Catlin Execs
It is pretty clear at this point: Asia investment in the European and U.S. P/C sectors last year is widely expected to continue through 2016. Reasons why this is happening, however, remain a matter ...
Nuclear Liability Insurance is Sticking Point in Westinghouse India Reactor Deal
Toshiba Corp's Westinghouse Electric hopes to clinch a deal to build six nuclear reactors in India by end-March, its CEO said, in time for a possible visit by Prime Minister Narendra Modi to ...