Commercial Lines
Munich Re Syndicate Singapore Inks Partnership With Lloyd’s Coverholder Nectar Specialty Risk
Munich Re Syndicate Singapore (MRSS) is partnering with a Singapore-based limited liability company and Lloyd's coverholder that provides tailor-made insurance and reinsurance products and services. ...
Executives On The Move at Sompo International and Liberty Mutual
Sompo International Holdings Ltd. promoted two executives. Liberty Mutual named a financial industry executive to its board of directors. *** Sompo International Holdings Ltd. named Thomas Brazil ...
Facebook ‘Unintentionally Uploaded’ Email Contacts of Up to 1.5M Users
Facebook Inc. said it may have "unintentionally uploaded" email contacts of 1.5 million new users since May 2016, in what seems to be the latest privacy-related issue faced by the social media ...
Travelers Reports Improved Underwriting, Lower Catastrophe Losses
Insurer Travelers Companies Inc.'s quarterly profit beat analysts' estimates on Thursday, as improved underwriting and lower catastrophe losses offset a decline in net investment income. New ...
Alliant Hires Exec to Build Northeast Business
Alliant hired an executive from JLT Specialty USA to help expand the company's reach in the northeastern United States. Justin Riccio will be senior vice president, based in Albany, N.Y. Previously, ...
Palomar Specialty’s IPO Rockets Above $15 Per Share Price Launch
Palomar Specialty launched an initial public offering on April 17, with the California-based specialty catastrophe insurer starting to sell on the Nasdaq Global Select Market at $15 per share. Shares ...
AXA Exposed: Carrier Discloses It Covered Two Contractors Working on Notre-Dame Restoration
French insurance firm AXA said on Tuesday it provided insurance coverage for two of the contracting firms that were working on Notre-Dame's restoration prior to the blaze that devastated the ...
As Insurers Field Record Climate-Related Losses, Central Banks Push Greener Finance
With insurers shouldering a record $160 billion in climate-related losses from last year alone, a group including 30 central banks called for measures to spur green finance and better assessment of ...