Commercial Lines
ACE Advances Thailand Acquisition After a Robust Q1
Earlier this week, ACE Ltd., working with a local partner, finished its acquisition of a 60.9 percent stake in a general insurance company in Thailand. Chairman and CEO Evan Greenberg said Wednesday ...
Hartford CEO McGee Crows About Insurer’s ‘Transformation’
A day after Hartford Financial Services Group announced vastly improved financials and plans to unload its Japan operations, Chairman, President and CEO Liam McGee was positively bullish during the ...
Tornadoes Wreak Havoc In Several States, Causing Fatalities
At least 19 people were reported killed in an early tally in the wake of dozens of tornadoes that tore across 7 states on April 27 in the south-central United States. The storms also injured dozens ...
Hiscox Boosts Terrorism Risk Coverage Capacity
Specialist insurer Hiscox will drastically boost its capacity to handle U.S. domiciled terrorism risk coverage, even as Congress continues to debate renewing the Terrorism Risk Insurance Act. ...
For CNA, Bad Weather and Division Sale Hamper Q1 Numbers
The biggest hit to CNA's 2014 first-quarter net income comes from short-term costs relating to the planned sale of its Continental Assurance Co. life and group insurance business to Wilton Re ...
Top 10 Countries in Manufacturing; U.S. is ‘Rising Star’
Call it the comeback kid. A new ranking of the competitiveness of the world's top 25 exporting countries says the United States is once again a "rising star" of global manufacturing thanks to falling ...
Name Change: XL Group’s Primary Casualty Biz is Now ‘Global Risk Management’
On Thursday, XL Group announced that XL Group's North America Primary Casualty business is operating under a new banner—Global Risk Management. The change is meant to capture the operation's ...
Surge of Storms and Fires Stunts Chubb’s Q1 Net Income
The Chubb Corporation endured a big hit to its 2014 first-quarter income, thanks to harsher-than-expected winter weather in the United States, plus a surge in homeowner fire and flood-related losses. ...