Strategy
White Mountains Will Acquire Majority Stake in NSM, a Specialty Insurance Program Administrator
White Mountains Insurance Group plans to acquire a majority equity stake in NSM Insurance Group, a specialty insurance program administrator. The transaction values NSM at about $388 million and ...
Hanover Insurance Considers ‘Possible Sale’ of London Specialty Unit Chaucer
The Hanover Insurance Group is weighing the sale of its international specialty insurance business, London-based Chaucer. The Worcester, Mass.-based company issued a statement confirming that it "is ...
Swiss Re Stock Soars on Rumors That $9.6B SoftBank Investment Getting Closer
Swiss Re AG jumped after people familiar with the matter said Japan's SoftBank Group Corp. is edging closer to buying a quarter of the company, valuing the reinsurer at as much as 37 billion francs ...
Chubb, Bunker Ally to Develop Usage-Based Insurance for Freelancers
Bunker and Chubb will work together to develop new usage-based insurance products focused on freelance workers. Chubb has also become a minority investor in Bunker as part of their partnership, ...
Beazley Adds Embedded Workplace Violence Cover in New Way
Beazley has added embedded workplace violence coverage to a number of specialist products accessible to U.S. insurers. "Greater awareness of the extent and impact of workplace violence and social ...
The Latest Launches From XL Catlin, Validus and Tokio Marine Kiln
XL Catlin and RedSeal have a new resilience measure designed to gauge risk and improve cybersecurity and insurance terms. Validus Specialty Underwriting Services Inc. and a new partner are offering ...
3 Things That Can Help Executives Do Their Jobs Better
Here are three tips executives can use to do their jobs better and be more effective leaders: Don't rely on transparency so much. Back-room, private discussions can actually elicit more honest ...
B3i Blockchain Industry Collaboration Morphs Into a Startup Company
An international multicarrier collaboration focused on testing the potential of blockchain in the industry has incorporated as a startup company. The Blockchain Insurance Industry Initiative (B3i) ...