Commercial Lines
UK PM May Reportedly Bends on Brexit Border Demand
U.K. Prime Minister Theresa May is said to be ready to ditch one of her key Brexit demands in order to resolve the vexed issue of the Irish border and clear the path to a deal, according to people ...
Berkshire Hathaway Sued, Accused of Trying to Cripple Company That Sells Duracell Products
Warren Buffett's Berkshire Hathaway Inc. was accused in a lawsuit of trying to cripple a New York-based company that sells Duracell-branded products after the billionaire investor acquired the ...
AIG Alert: Florence, Typhoons Will Cause Up to $1.7B in Cat Losses
American International Group Inc. expects to report third-quarter catastrophe losses of $1.5 billion to $1.7 billion from natural disasters including Hurricane Florence and typhoons Jebi and Trami. ...
Executives On The Move at Aon and W.R. Berkley
Aon named a chief innovation officer who will, in part, be charged with organizing the company's New Ventures Group, a division focused on developing new technologies and services for clients. W.R. ...
Large Q3 Losses Coming for Swiss Re; Italy Bridge Collapse, Storms to Blame
Swiss Re AG said it will post relatively "large" losses from claims in the third quarter, as man-made disasters including the collapse of a bridge in Italy add to damage from storms. Natural disaster ...
Once Again, the U.S. Asks SCOTUS to Stop Teens’ Climate-Change Lawsuit
President Donald Trump's administration asked the U.S. Supreme Court stop a novel and sweeping lawsuit pressed by children and teenagers seeking to force the federal government to take steps against ...
Liberty Mutual Is Pursuing Strategic Review of Pembroke Managing Agency
Liberty Mutual Insurance announced it is undertaking a strategic review of its London-based Pembroke Managing Agency Ltd., acquired through the lronshore purchase in May of 2017. The company has ...
An Extended Brexit Transition Could Ease Deadlocked Negotiations: UK PM May
U.K. Prime Minister Theresa May said she is weighing a plan that would keep the U.K. bound to European rules for longer, in an attempt to break the deadlock in talks. May confirmed on Thursday that ...