Commercial Lines
Arch Capital Group Promotes Papadopoulo to President and Chief Underwriting Officer
Arch Capital Group Ltd. (ACGL) announced that Nicolas Papadopoulo will be promoted to the position of president and chief underwriting officer, effective Jan. 1, 2021. Papadopoulo joined Arch in 2001 ...
2020 InsurTech VC Financings: Only A Handful Reached $100M or More
Carrier Management covered more than 30 property/casualty-specific InsurTech venture capital financings in 2020. The rough total of those combined investments surpasses approximately $1.7 billion. ...
Lemonade, 2020’s Best IPO, Could See Volatility When Insider Selling Restrictions Expire
The best-performing listing of 2020 is poised to enter the new year with extra volatility after insider selling restrictions expire this week. Insurance provider Lemonade Inc. is trading more than ...
W.R. Berkley Forms Bermuda-Based Special Purpose Reinsurer
W.R. Berkley Corp. announced the formation of Lifson Re Ltd., a special purpose reinsurer registered in Bermuda and licensed by the Bermuda Monetary Authority. Lifson Re has been capitalized with ...
Walmart Accused by U.S. Justice Dept. of Helping to Fuel the Opioid Crisis
The U.S. Justice Department sued Walmart Inc on Tuesday, accusing the retailer of fueling the opioid crisis in the United States and ignoring warning signs from its pharmacists, according to a court ...
Norway Lawsuit Dismissed, Allowing Plans for Arctic Oil Drilling to Proceed
Norway's supreme court upheld government plans for Arctic oil exploration on Tuesday, dismissing a lawsuit by campaigners who said they violated people's right to a healthy environment. While most of ...
Cyber Remains Viable for Insurers Even as Attacks Escalate
It could go down as one of the most significant cyber attacks yet. Russian hackers breached a number of U.S. government agencies and dozens of private businesses through a tainted update downloaded ...
Aon Says $30B Acquisition of Willis Towers Watson Remains on Track Despite EU Probe
Aon plc confirmed that the European Commission (EC) has initiated a review of the company's proposed $30 billion bid for Willis Towers Watson. Aon said the Phase II review is a common next step "for ...