Commercial Lines
Specialty E&S Insurer Upland Capital Makes Its Debut
Upland Capital Group has become the latest specialty insurance business in the marketplace. The Dallas-based operation plans to offer a diversified portfolio of excess and surplus lines casualty, ...
Tyson Foods Will Fork Over $221.5M for Chicken Price-Fixing Claims
Tyson Foods Inc said on Wednesday it will pay $221.5 million to settle litigation by three groups of plaintiffs that accused it of illegally conspiring to inflate chicken prices. The settlements with ...
Most Global Catastrophe Economic Losses Unaddressed by Insurance
There were 416 natural catastrophe events globally in 2020 that resulted in economic losses of $268 billion – 8% above the average annual losses for this century, according to insurance broker ...
Executives On The Move at Lloyd’s, AIG and AGCS
Lloyd's of London hired an executive to fill its first-ever Chief of Markets position. AIG has a new head of Media & External Communications. Allianz Global Corporate & Specialty SE named a ...
Hallmark Financial Explores Splitting Off Specialty Commercial
Hallmark Financial Services, a specialty property/casualty company, announced Thursday that it is exploring the separation of its specialty commercial business to unlock its value and improve access ...
Intel Investigates Hack of Quarterly Earnings Graphic
Intel Corp said on Thursday that it was investigating reports that a graphic in its quarterly earnings statement had been the object of unauthorized access before publication. "Once we became aware ...
2021 InsurTech NY Early-Stage Competition Looks to Bermuda
InsurTech NY and the Bermuda Business Development Agency are teaming up for the 2021 InsurTech Early-Stage Competition. Bermuda's lucrative reinsurance market could benefit from the arrangement, ...
Travelers Q4 Earnings Jump With Bigger Investment Returns, Lower CAT Claims
Property and casualty insurer Travelers Cos. Inc. reported a jump in quarterly profit that beat analysts' estimates on Thursday, helped by an increase in returns from investments and lower ...