Commercial Lines
The U.S. Struck Hardest by 2020 Global Insured Cat Losses: Aon
As bad as 2020 was, global insured catastrophe losses came in at relatively normal levels. The U.S. stands as a notable exception, however, with a large surge in hurricanes, wildfires, and other ...
The Latest Launches From QBE North America, Aclaimant and Pathpoint
QBE North America is partnering with a technology company to use its software for recognizing ergonomics issues in the workplace. Aclaimant released new technology designed to help its work safety ...
Executives On The Move at Hamilton and Chubb
Two executives – veterans of Chubb and Appella – are joining Hamilton Insurance Group to take on leadership positions within its Lloyd's operations. Chubb appointed one of its veteran executives ...
ReSource Pro Grabs Insurance Consulting Firms Strategy Meets Action, The Nolan Company
ReSource Pro said it has acquired two strategic advisory and management consulting firms focused on property/casualty insurance: Strategy Meets Action and The Nolan Company. ReSource Pro, an ...
Munich Re US CEO Levy to Retire after Q1; Winter Will Replace Him
Steven Levy, the longtime president and CEO of Munich Re US, plans to retire on April 1. Munich Re executive Marcus Winter will replace him, the company disclosed. Levy has worked for Munich Re US ...
For Brown & Brown, Acquiring CoverHound Accelerates Tech Modernization Efforts
Property/casualty insurance companies far and wide are considering whether to develop technology platforms in-house or modernize some other way. Brown & Brown chose an acquisition to get there. ...
W.R. Berkley Corp. Sells NYC Office Complex for $105M Pre-Tax Net Gain
W.R. Berkley Corp. sold off one of its real estate investments – a New York City office complex – at the end of 2020. The sale generated a $105 million pre-tax net gain, according to the ...
British Officials Claim They Had to Bear Liability in Exchange for Vaccine Deals
Britain had no choice but to agree to bear liability if claims were made against vaccine makers as part of supply deals, officials said on Monday, adding that approval for three of the candidates ...