Commercial Lines
Executives On The Move at Atlas Financial Holdings and Starr Insurance Companies
Atlas Financial Holdings promoted one of its founding members to a newly-created position at the company. Starr Insurance Companies appointed a veteran executive as Aviation Underwriting ...
AXA XL Makes More Changes in Reinsurance Leadership Team
AXA XL announced additional changes within its Reinsurance leadership team, as part of a simplified organizational structure for the unit announced in September. Effective January 1, 2020, in ...
Court Orders Cox Communications to Pay $1B in Piracy Infringement Case
A U.S. District Court jury on Thursday found telecom company Cox Communications Inc liable to pay $1 billion to music labels and publishers over piracy infringement on more than 10,000 works. Over 50 ...
Canadian Pension Fund Will Buy Stake in Fairfax Runoff Unit Riverstone UK
Fairfax Financial Holdings Ltd. and OMERS, the pension plan for Ontario's municipal employees, announced they have entered into an agreement where OMERS will acquire a 40 percent interest in ...
2019 Insured Losses Reach an Estimated $56B: Swiss Re
Global insured losses in 2019 dropped to an estimated $56 billion, from $93 billion in 2018 and below the annual average $75 billion of the previous 10 years, according to preliminary sigma estimates ...
FBI Cyber Warning: Some TVs Too Smart, and Other CM Risk Alerts
A recent FBI warning says smart TVs could leave users vulnerable to cyber criminals. Deepfakes may soon become impossible to detect. Drug-resistant superbugs may be teaching each other how to fight ...
The Latest Launches From The Hartford and Zurich
The Hartford said it has expanded its offerings designed to protect customers from cyber attack risks. Zurich and InsurTech managing general underwriter Vindati have launched a new stand-alone Motor ...
Allstate Plans to Retire Struggling Esurance Brand as Part of Broader Overhaul
Allstate plans to phase out its struggling Esurance brand as part of a broader overhaul in how the company does business, the Illinois-based insurer disclosed on Dec. 19. Executives are framing the ...