Commercial Lines
AIG Hires Willis Towers Watson Executive for General Insurance Leadership Role
A former Willis Towers Watson executive is signing on with American International Group to take a leadership role in its General Insurance Unit. Allison Barrett begins at AIG on Dec. 9 as global head ...
Fire Tornadoes Becoming More Common in Australia, Thanks to Climate Change
Fire tornadoes are set to become a more common feature of the Australian landscape as climate change takes hold later this century. That's according to new research from the University of New South ...
Hamilton Insurance Places Acappella Syndicate Into Runoff
Hamilton Insurance Group Ltd. said it is placing Acappella Syndicate 2014 into runoff. Acappella is a third-party capital supported Lloyd's syndicate included in Hamilton's acquisition in August of ...
The Latest Cyber Launches From Zurich and Brit Ltd.
Zurich Insurance rolled out new, industry-specific endorsements to its cyber insurance policy designed to expand coverages provided to the manufacturing industry. Brit Ltd. said it has launched an ...
UK’s Aviva Decides to Keep China, Singapore Businesses After All
Aviva Plc, the U.K. insurer that's overhauling some businesses as part of its chief executive officer's turnaround plan, is to retain its Chinese joint venture as well as assets in its biggest ...
Demand Soars for M&A Insurance as M&A Activity Increases: Aon
More mergers and acquisitions in today's challenging economic environment are driving a soaring demand for M&A insurance products, according to a new Aon report. Aon's report finds that following ...
J&J’s Opioid Payout in Oklahoma Reduced to $465 Million
An Oklahoma judge on Friday said Johnson & Johnson must pay that state $465 million for fueling the opioid epidemic through the deceptive marketing of painkillers, down from his original award of ...
High Distribution Costs and How to Fix Them
The disruption currently taking place in insurance and reinsurance markets is at its most acute since the culmination of the financial crisis. Industry reserves, deteriorating earlier catastrophe ...