Commercial Lines
AIG Appoints Validus Re’s Driscoll to General Insurance Leadership Role
American International Group appointed the former CEO of Validus Re to a leadership role within its General Insurance unit. Ken Driscoll was named Global Chief Underwriting Officer for Property and ...
Market Hardening Could Benefit Reinsurers Through 2019: S&P
Following disappointing reinsurance pricing increases in 2018 and early 2019, it seemed that no amount of catastrophe losses would be sufficient to harden the overall market. However, during this ...
California Utility Reportedly Planning $11B Fund to Resolve Wildfire Claims
PG&E Corp. has spoken to lawmakers about putting together a pool of capital worth about $11 billion to settle claims related to wildfires blamed on the bankrupt California utility, according to ...
Aviva Will Slash 1,800 Jobs Globally and Overhaul UK Business
British insurer Aviva will restructure its British business and cut costs across the firm with the loss of 1,800 jobs globally as it new chief executive seeks to make the business more competitive. ...
Today’s Product Partnerships: CNA/Hartford Steam Boiler and Aon/CyberCube
CNA plans to bring more Internet-of-Things-related technology products and services some of its business customers, by way of a new product alliance. Aon plans to deliver cyber insurance and ...
Nationwide’s Walker to Become New CEO in October
Nationwide disclosed it has chosen Kirt Walker, a 33-year company veteran, to become its next chief executive officer. "I'm humbled and proud to lead this great company and iconic brand," said ...
Companies Not Disclosing Extent of Climate Change Risk Exposures
Companies are failing to disclose sufficient detail about how exposed they are to the potential risks of climate change, a global task force said in a report on Wednesday. Many investors have called ...
AIG Names McElroy to Lead Its North America General Insurance Arm
American International Group, Inc. promoted David McElroy to become president and CEO of its North America General Insurance operations. McElroy joined AIG in September 2018 to become Lexington's ...