Commercial Lines
Coronavirus Will Cause Limited Losses in China’s P/C Insurance Market: AM Best
Ratings firm AM Best said it expects that China's non-life insurance market will experience limited losses from the ongoing coronavirus outbreak. The analysts based their outlook on factors including ...
Singapore Will Add More Climate Change Risks to Financial Industry Stress Tests
Singapore plans to include a broader range of climate change-related risks in a future stress test of its financial industry, a government minister said. The Monetary Authority of Singapore plans to ...
Executives On The Move at Liberty Mutual and RenaissanceRe
Liberty Mutual appointed one of its veteran executives to lead its Global Risk Solutions arm in North America. RenaissanceRe Holdings Ltd. hired a new head of human resources. *** Liberty Mutual ...
The Hartford’s 2019 Navigators Acquisition Pays Off
The Hartford closed out 2019 with gains in net income and net investment income, buttressed in part by its $2.1 billion acquisition of specialty insurer Navigators Group. Net income hit $543 million, ...
Safety National Revamps Leadership Team With Growth, Innovation on Its Mind
Safety National is making four changes in its executive leadership it frames as a reorganization designed to keep the company growing and innovating. The specialty insurance and reinsurance provider ...
Coronavirus Reportedly Threatens Apple’s iPhone Output
Foxconn could see a "big" production impact and shipments to customers including Apple face disruption if a Chinese factory halt due to the coronavirus outbreak extends into a second week, a person ...
Scientists Perplexed by Climate Change Models Running Red Hot
There are dozens of climate models, and for decades they've agreed on what it would take to heat the planet by about 3° Celsius. It's an outcome that would be disastrous—flooded cities, ...
Insurance Value Chain Poised for Big Changes From Data-Driven Business Models
Digital transformation empowers consumers to be more informed and independent, and equips insurers with the tools to develop new tailored products and services and refine existing ones, said the ...