Commercial Lines
2018 Was the Third Consecutive Year of U.S. P/C Net Underwriting Losses: A.M. Best
The U.S. property/casualty insurance industry booked an estimated $12.1 billion net underwriting loss in 2018, the third consecutive year it landed in the red, according to a new A.M. Best market ...
The Latest Launches From Munich Re and CyberScout
Munich Re will partner with CyberCube to beef up its approach to cyber risks. CyberScout, a provider of identity and data defense services, formed two new global partnerships designed to introduce ...
Berkshire Hathaway Confirms Sale of Workers Comp Unit; ‘Channel Conflict’ to Blame
In a rare move, Berkshire Hathaway is selling one of its companies, leading workers' compensation specialist Applied Underwriters, in order to avoid conflict with its other workers' compensation ...
Liberty Mutual, Allianz, Generali Reportedly Seeking to Invest in BBVA Insurance Arm
European insurers Allianz and Generali are vying with U.S. rival Liberty Mutual to invest in the bancassurance business of Spanish lender BBVA, four sources familiar with the matter told Reuters. The ...
QBE Rebounds in 2018 With $715 Million Cash Profit
QBE Insurance Group took another step in its quest to achieve strong results, consistently, by reporting a cash profit after tax of $715 million during 2018, a significant improvement on the cash ...
Tessian, a UK Cybersecurity Startup, Secures $40 Million Financing
Sequoia Capital has backed a London-based cybersecurity startup founded by a trio of former banking analysts, who were surprised how often documents such as deal-term sheets were accidentally emailed ...
Wrongful Death Suit Against JPMorgan Over Ex-Top Broker’s Suicide Dismissed by Judge
A federal judge in Manhattan on Tuesday dismissed a wrongful death lawsuit against JPMorgan Chase & Co by the estate of a former top broker, who it said committed suicide after being forced into ...
The Latest Launches From Beazley/Marsh and Berkshire Hathaway’s GUARD Insurance Companies
Specialist insurer Beazley will team with Marsh to provide tailored cyber insurance cover and breach response to protect U.S. manufacturers against evolving cyber risks. Berkshire Hathaway's GUARD ...