Commercial Lines
Port Authority Reaches Deal on Silverstein’s 3 World Trade
The Port Authority of New York and New Jersey approved a financing agreement for Larry Silverstein's 3 World Trade Center that allows him to use $159 million of insurance proceeds to help build the ...
Auto Industry Struggles to Solve Air Bag Explosions Despite Mass Recalls
A year ago, Japan's Takata Corp., the world's second-largest maker of auto safety parts, believed it had finally contained a crisis more than a decade in the making. It was wrong. Japanese car makers ...
Only 1 in 5 Small Businesses Hiring Students for Summer: Employers Hldgs
Summer jobs at local restaurants, retail stores, medical offices and other small businesses may be hard to come by for student workers this summer, according to a new poll of small business owners by ...
Former AIG Exec Thygeson Joining Hamilton as COO of U.S. Ops
On Monday, Hamilton Insurance Group, announced that William Thygeson has been appointed to the position of chief operating officer of Hamilton USA Thygeson joins Hamilton USA from American ...
Deal Analysis: Why Validus Is Buying Western World
The combination of Validus Holdings and Western World Insurance Group fills in "missing pieces" for both organizations, Validus' chairman said Tuesday, detailing finer points of a $690 million deal ...
Tech Startup AssureStart Selling Small Business Insurance in 3 More States
AssureStart, a Seattle-based technology startup that sells general liability and property insurance to small businesses on the Internet, has expanded its service footprint to include Colorado, ...
Willis’ Longmore Joins Marsh’s FINPRO
Marsh has announced that Ann Longmore will join the firm's FINPRO practice in New York as its new multinational practice leader effective July 7. Longmore will be responsible for helping Marsh ...
OneBeacon’s Sale of Runoff Business to Armour Still in Progress
OneBeacon Insurance Group Ltd. said it is making progress in the sale of its runoff business to Armour Group Holdings Ltd. and restated its expectation that the transaction will close in the second ...