Commercial Lines
Lloyd’s CEO Neal Pledges to Halve Costs in Modernization Push
Lloyd's of London plans to halve the cost of buying insurance through the 330-year-old market as part of a strategy to restore the fortunes of the company. Chief Executive Officer John Neal said he ...
Executives On the Move at Gen Re, Hiscox and Willis Towers Watson
Gen Re promoted an executive to head its International Property & Casualty arm. Hiscox named a new head of Claims in the U.S. Willis Towers Watson appointed a new senior director in its Property ...
Deadline Reportedly Approaching for Ongoing UK Brexit Talks With Labor
The British government wants talks with the opposition Labour Party on a Brexit compromise to reach a conclusion by the middle of next week, several British journalists reported on Tuesday citing ...
Norsk Hydro Reports $52M in Cyber Attack Costs for Q1
Norsk Hydro said the March cyber attack that paralyzed its computer networks would cost the aluminum maker up to 450 million Norwegian crowns ($52 million) in the first quarter. The Oslo-based firm, ...
Boeing Sued by Two Families Alleging Negligence in Ethiopa 737 Max Crash
Boeing Co. was sued Monday by two Canadians who lost 10 family members in the March crash of a 737 Max in Ethiopia, adding to the aircraft manufacturer's legal woes stemming from two deadly crashes ...
The Latest Launches From Coalition, Brit Ltd. and AXA XL
Coalition has started marketing comprehensive coverage for healthcare companies. Brit Ltd. beefed up coverage options for one of its key cyber products. A division of AXA XL debuted its ...
CNA’s Net Investment Income and Premiums Rise; P/C Combined Ratio Spikes
Catastrophe losses drove CNA Financial Corp.'s property/casualty and commercial division combined ratios higher in the first quarter, though the insurer saw its net income rise slightly as investment ...California Weighs Development, Safety Measures to Protect Homes Against Wildfires
Years of increasingly deadly California wildfires have spurred lawmakers to consider regulations that would toughen local governments' requirements for approving housing developments in high-risk ...