Commercial Lines
Balance Sheets at Risk? What’s Next for Workers Comp Insurers
Although workers compensation results remain strong—and the line continues to outperform all other commercial insurance lines—worries about continued soft pricing and loss reserve levels for ...
AP Feature: 2019 Problems With PG&E Not the First
The state senators grilling the CEO of Pacific Gas & Electric Corp. were upset—like millions of other Californians, some spent days in the dark when the nation's largest utility shut off power ...
Munich Re Buys a Madison Avenue NYC High-Rise
Munich Re Group plans to acquire a 39-story Madison Avenue high-rise in New York City. Buyer and seller declined to disclose the purchase price. CBRE advised the unnamed seller, and MEAG, which had ...
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 ...