Commercial Lines
CNA Turns a Q3 Profit; P/C Combined Ratio Surpasses 100
CNA Financial Corp. doubled its 2020 Q3 net income, thanks in part to higher investment returns and rate hikes in the P/C insurance division that increased more than 12 percent on average. Net ...
Are Forever Chemicals a Forever Problem for Insurers?
Much discussion of casualty catastrophe is consumed with talk of the "next asbestos," the $100 billion insurance loss caused by a ubiquitous mineral used for insulation and other products that is now ...
Tropical Storm Eta Becomes 2020’s 28th Named Atlantic Storm
Tropical Storm Eta formed overnight [on Sunday, Nov. 1] in the Caribbean, becoming the Atlantic's 28th storm of 2020 and tying a 2005 record for the most named systems in a single year in records ...
Argo Group Streamlining Continues: Two Private Equity Investors Will Buy Ariel Re
Argo Group International Holdings plans to sell Ariel Re to two private equity investors. Pelican Ventures and J.C. Flowers & Companies are the buyers, and the transaction is expected to close in ...
Small Business Market Opportunity Seen Among High-Net-Worth Families
The small business sector is widely acknowledged to be an important part of the commercial insurance market. However, this business segment's relationship to the high-net-worth market for personal ...
2020’s Strongest Typhoon Slams Philippines, Bringing Destruction and Death
At least 10 people died and three others were missing after Typhoon Goni, the world's strongest typhoon this year, barrelled through the south of the Philippines' main island of Luzon on Sunday, an ...
AIG’s Decision to Separate L&R Biz Risks Possible Ratings Downgrades
American International Group's plan to downsize by divesting its Life & Retirement business is drawing cautious and wary reactions from rating agencies that follow the property/casualty insurance ...
Argo to Leave Grocery, Restaurant and Other Retail Coverage Behind
Specialty insurer and reinsurer Argo Group International is exiting the grocery and retail lines of business, which include providing general liability and self-insured retention risk management ...