Commercial Lines
Endurance Launching U.S. Commercial Retail Property Insurance Unit
On Monday, Endurance Specialty Holdings Ltd. announced that Mark Maritzen has joined the company as executive vice president and head of commercial property within its U.S. Insurance operation. ...
Arch Shakes Up Exec Roster to Back Expansion Plans
Arch Capital Group Ltd. has taken steps over the last year to grow its mortgage insurance and reinsurance business, and has shaken up its executive roster in order to accommodate the expansion. Among ...
Painkiller Prescribing by State: Highest in South; Florida Reverses Trend: CDC
Health care providers wrote 259 million prescriptions for opioid painkillers in 2012, and providers in some states prescribed far more painkillers than those in other states, according to Vital ...
Okinawa At Risk as Super Typhoon Neoguri Nears Japan
High winds, crashing waves and a dangerous storm surge may strike Okinawa, including its capital Naha, as Super Typhoon Neoguri nears Japan. Neoguri carried maximum sustained winds of about 150 miles ...
At Least 5 Die in Quake That Struck Mexico and Guatemala
An early morning earthquake centered in southern Mexico killed at least five people, damaging homes and blocking some roads in neighboring Guatemala. A 6.9 magnitude earthquake struck along the ...
ACE Buying Itaú Seguros for $685M to Become Top P/C Insurer in Brazil
ACE Limited announced Friday that it will acquire the large corporate property/casualty business of Itaú Seguros, S.A. from Itaú Unibanco S.A. for roughly $685 million—a deal that will make ACE ...
AIG Units Suing to See Asbestos Trust Records; Millions in Fraudulent Payments Suspected
Six insurance companies are suing an asbestos personal injury trust set up by a U.S. unit of Philips that the insurers suspect has been making millions of dollars in fraudulent payments to parties ...
Zurich Sells Underperforming Russian Retail Unit to Olma Group; Keeps Corporate Biz
Zurich Insurance Group AG, the largest Swiss insurer, said the sale of its Russian retail unit will lead to an estimated loss of about $300 million. The insurer said it is selling the business to ...