Commercial Lines
AIG, Marsh, Travelers CEOs Among Corporate Leaders Urging Quick Biden Election Certification
Several leaders of the insurance industry joined nearly 200 New York corporate executives in a letter urging members of Congress to certify the election of Joe Biden as President without delay this ...
Executives On The Move at Signal, Markel and DUAL
A veteran of the Navigators Group joined Signal Administration in a leadership role. Markel Surety picked a executive to lead a new National Accounts Segment. Managing General Underwriter DUAL ...
Generali Will Pay $203M for AXA’s Greek Operations
Assicurazioni Generali SpA agreed to buy the Greek operations of French insurer AXA SA as part of its plans to expand in European non-life and health businesses. The Italian company will pay 165 ...
More Expansion for Applied Underwriters; Ex-AIG Exec to Run New D&O Division
Fast-growing specialty lines insurer Applied Underwriters announced the creation of a U.S. based division of its Applied Financial Lines business unit to provide directors and officers (D&O) ...
South African Insurer Accepts Liability for Some Rejected COVID-19 Business Interruption Claims
South African insurer Santam will begin assessing payouts for some previously rejected coronavirus-related claims after recent court judgments on such cases but still intends to challenge one finding ...
Aviation Reinsurance Jan. 1 Renewal Rates Climb Up to 250 Percent
Aviation reinsurance rates rose by up to 250% at the key Jan. 1 renewal date, broker Willis Re said in a report on Monday, with the market still reeling from the impact of Boeing 737 MAX crashes two ...
CNA Unloading $690M of Excess Comp Reserves to Enstar
In separate announcements late Wednesday, CNA Financial Corp. and Enstar said they had reached an agreement to have a subsidiary of Enstar reinsure a legacy portfolio of excess workers comp policies, ...
U.S. Government Will Use Obscure Federal Bureaucracy to Handle COVID-19 Vaccine Injury Claims
Lost in the U.S. launch of the coronavirus vaccine is a fact most don't know when they roll up their sleeves: In rare cases of serious illness from the shots, the injured are blocked from suing and ...