Commercial Lines
AIG Board’s Decision: Hancock Replacing Benmosche Effective Sept. 1
American International Group announced Tuesday that its board of directors has named Peter D. Hancock as President and Chief Executive Officer, AIG, effective September 1. Hancock, who currently ...
Fitch Ups Lloyd’s Rating to ‘AA-‘
Fitch Ratings upgraded Lloyd's of London's insurer financial strength rating to "AA-" from the "A+," the rating agency announced Tuesday, with an expectation of better "cross-cycle underwriting ...
Q1 2014 Commercial Insurance Prices Up 4%; Rates Moderating: Towers Watson
Commercial insurance prices increased by 4 percent in aggregate during the first quarter of 2014, marking the lowest level of growth since fourth-quarter 2011, according to a new survey by Towers ...
Mining Underwriting Opportunities With CoMeta
Speaking during a session at the Advisen Casualty Insights conference in March, Robert Reville, the chief executive officer of Praedicat, noted that while all mass litigation, historically, has been ...
Praedicat: Mining Data From Published Science to Spot the Next Casualty Cat
Emerging liability risks aren't likely to look like asbestos or silica in coming years, according to an expert who has been following the development of workplace torts for decades. Instead, the next ...
The Worst Hurricanes Won’t Start Striking Until September, SNL Warns
As far as hurricane season goes, the worst is yet to come, SNL Financial concluded in a recent report. Simply put, while the season officially began on June 1, the worst hurricanes often don't make ...
P/C Carriers Could Counter Hailstorms With More Reinsurance: RMS
Now that hailstorms are no longer "attritional perils" and are much more widespread than they used to be, property/casualty insurers could benefit from adding reinsurance for these threats, an RMS ...
Fireman’s Fund Could Face Huge Payout For Fast & Furious Costs
The insurer for the latest Fast & Furious film is looking at a huge, and possibly historic, payout, according to an entertainment insurance agent. The Hollywood Reporter trade magazine is ...