Underwriting
U.S. P/C Small Business Insurance Market Ripe for Consolidation: Conning
If heavy competition breeds consolidation, then property/casualty small business insurance is ripe for it in the coming years. Here's why: Both large and small insurers devote lots of attention to ...
Driverless Cars Will Have the Most Impact in Cutting Accident Rates
As millions of cars are under recall for potentially lethal air bags, designers are trying to reduce the need for the device—using sensors, radar, cameras and lasers to prevent collisions in the ...
Hiscox Hires Lipuma to Run USA Financial Services Division
Hiscox announced that it has appointed Neil Lipuma as senior vice president for Hiscox USA. Lipuma will oversee the strategic direction, sales and marketing activities for the specialist insurer's ...
Hiscox to Offer Cyber Deception Coverage
Hiscox has announced that it will offer a new cyber deception coverage as part of its executive risks suite of insurance coverages. Cyber deception occurs when criminals intentionally mislead company ...
Industry Disrupters Will Cut Distribution, Dispute Resolution Costs, P/C Execs Say
Property/casualty insurance industry executives peering out into the future aren't singularly focused on capital providers as potential industry disrupters in the years ahead. Brian Duperreault, ...
Survey: Cyber Attacks + Terrorism Top Reinsurance Worries
Cyber attacks and terrorism may be shaping up as the big emerging risks reinsurers face in 2015. About 40 percent of industry respondents to a recent Guy Carpenter & Co. survey said cyber attacks ...
Hudson Insurance Acquires Surety Business Portfolio
Hudson Insurance Group has acquired the underwriting operations of Surety Partners of America, Northeast. As part of the transaction, Michael Blount and James Balzan will join the team at Hudson ...
Liberty Mutual Discloses Major Q3 Gains
Liberty Mutual Holding Company concluded its 2014 third quarter with another jump in net income, higher revenues, a new reinsurance agreement and more than $1 billion in debt raised to help ...