Commercial Lines
CEO Viewpoint: Why SMBs Need Standalone Cyber Cover
It is well known that small and medium businesses (SMBs) face an ever-increasing risk of cyber attacks. Sixty-three percent of SMBs, surveyed in fall 2019—prior to COVID-19 lockdowns—reported ...
Chubb CEO Greenberg Reiterates a Call for Litigation Reform
Chubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to address what he said is a "systemic" worsening of the legal environment and its ...
Executives On The Move at Hippo, Chubb and Buckle
Hippo hired four new executives in its legal department who will help the company hit the public markets through a reverse merger transaction announced in March. Chubb appointed a rising executive ...
Generali Reportedly in Talks to Buy AXA Malaysia Assets
Italy's biggest insurer Generali is in exclusive talks to buy assets in Malaysia belonging to French rival AXA in a deal worth around 300 million euros ($358 million), two sources said on Tuesday. ...
Dislodged Ship Kept in Suez Canal as Compensation Claims Talks Continue
A ship that blocked the Suez Canal for almost a week in March has not been given clearance to leave the waterway as discussions continue over a compensation claim made to the vessel's owner Shoei ...
Watford Holdings Closes Purchase of French P/C Insurer
Bermuda-headquartered Watford Holdings Ltd. closed its purchase of Axeria IARD, a French property/casualty insurance company. Watford has acquired 100 percent of the capital stock of Axeria IARD from ...
As La Nina Fades, U.S. Gulf Coast Still Faces Robust Hurricane Risks
La Nina, the cooling of the equatorial Pacific that shifts weather patterns the world over, is fading away. But California may still be prone to dryness, and the U.S. Gulf Coast faces the risk of ...
U.S. P/C Insurers Produced 2020 Underwriting Profit Despite COVID-19 Challenges
Despite considerable operating challenges in 2020 from the global COVID-19 pandemic, U.S. property/casualty insurers saw a statutory underwriting profit for the third consecutive year, with an ...