Commercial Lines
AIG Combines Reinsurance Divisions Into Single Unit; Ex-Marsh Exec Schaper to Lead
American International Group has combined its various reinsurance divisions into a single global entity dubbed AIG Re. The consolidated operation includes Validus Re, AlphaCat and Talbot Treaty, ...
Cyber Insurance Underwriters Face Ongoing Challenge of Insufficient Historical Data
While there are "huge opportunities" on the horizon for the cyber insurance industry, cyber insurance underwriters still face the challenge of not having enough historical data to work with. "It's ...
California Utility Will Pay $1B to Settle Fire Claims With Local Governments
PG&E Corp will pay $1 billion as part of its bankruptcy reorganization to more than a dozen local governments in California struck by wildfires in recent years, the company and lawyers for the ...
Bank of England to Lloyd’s: Make Progress in Tackling Sexual Harassment
The Bank of England called for Lloyd's of London to demonstrate progress in tackling the insurance market's culture of sexual harassment. The BOE's director of insurance supervision Anna Sweeney said ...
Commercial Insurance Ratings for Small Business: Challenge or Opportunity?
The growing gig economy, where nearly one-third of workers in the U.S. are now employed by small to medium businesses, is making it difficult for commercial insurance carriers to accurately assess ...
Chubb Teams With National Association of Women Business Owners to Provide Resources
The National Association of Women Business Owners (NAWBO) has partnered with Chubb to provide NAWBO members with small business insurance resources, such as education, insurance products and services ...
Executives On The Move From W.R. Berkley Corp. and AGCS
W.R. Berkley Corp. brought in a new executive to lead its Berkley Select Unit. Allianz Global Corporate & Specialty rearranged the management team roles its Specialty business segment. *** W.R. ...
InsurTech Startups Will Scale Up and Mature in 2019, and Other Predictions
The insurance technology, or InsurTech sector has seen much technological and investment development over the past few years. Traditional insurance business lines such as health, auto, and commercial ...