Strategy
XL Catlin Expands Cyber Breach Service Partnerships
XL Catlin has become the latest entity in the property/casualty industry to beef up its cyber breach services in an effort to respond to customer need and demand. The insurer said it has added a ...
Ex-AIG CEO Greenberg Sees Higher Purpose in Appeal of Federal Court Ruling
Maurice "Hank" Greenberg said that his partial victory in a lawsuit tied to American International Group Inc.'s bailout isn't enough, and that he's seeking financial damages to hold the government ...
BHSI Unveils E&O Coverage For U.S. Insurance Executives and Employees
Berkshire Hathaway Specialty Insurance (BHSI) is rolling out Professional First Insurance Company Professional Liability Insurance, which provides customizable coverage for U.S. insurance companies, ...
Ford Pledges to Accelerate Self-Driving Car Development
Ford Motor Co is joining other global automakers in stepping up efforts to roll out self-driving cars, company executives said on Tuesday. The U.S. automaker will expand advanced safety technology, ...
Hit by ‘Nigerian Prince’-Style Scam? Beazley Launches Coverage for That
Beazley has a new coverage endorsement addressing fraud that happens when a company is convinced to transfer funds to an outside party due to criminal impersonation. The specialist insurer said the ...
China’s Fosun International to Acquire Controlling Stake in Israeli Insurer
Delek Group Ltd. agreed to sell its controlling stake in Phoenix Holdings Ltd., Israel's fourth- largest insurance provider by market value, to China's Fosun International Ltd. The Netanya, ...
Fitch: Berkshire Hathaway’s Commercial Insurance Success Threatens Smaller Rivals
Berkshire Hathaway's expansion into the U.S. commercial lines market in recent years has been immensely successful for the company, giving it the ability to crowd out smaller rivals, Fitch Ratings ...
Willis Beefs Up Cyber Risk Practice With Marsh, Wells Fargo and ACE USA Hires
Willis is bringing on executives from Marsh, Wells Fargo Insurance Services and ACE USA to help beef up its cyber risk management consulting business. Specifically, the new hires will become part of ...