Commercial Lines
Small and Midsize Businesses at Higher Risk of Cyber Attack, Chubb Warns
Small and midsize businesses are much more likely to experience cyber attacks than large companies. In fact, 62 percent of all cyber crime targets are small and midsize businesses. It costs, on ...
Auto-Owners Insurance Agrees to Acquire Capital Insurance Group in California
Auto-Owners Insurance has entered into a definitive agreement to acquire Monterey, Calif.-based Capital Insurance Group. Terms of the deal were not disclosed. Auto-Owners Insurance Group, ...
Executives On The Move at GEICO and Ascot Group
The Berkshire Hathaway-owned GEICO has made a number of changes to its Board of Directors. Ascot Group appointed a former Markel executive to grow its Inland Marine business. *** Pionne Corbin and ...
A.M. Best Revamps Senior Management and Restructures
A.M. Best announced that Roger Sellek will step down as CEO of its Europe, Middle East and Africa (EMEA) and Asia Pacific (AP) regions at the end of March. As part of its succession planning process, ...
2018 ILS Issuance Comes Close to Record, but Q4 Slowed Down: Swiss Re
Insurance-linked securities reached their second-highest issuance levels ever in 2018, though the fourth quarter ended with a whimper. Total issuance for the year reached $9.7 billion through 29 ...
Allianz Mulls 2019 Share Buyback Slowdown to Finance Acquisitions
Allianz may slow its share buyback program after the one announced this week to allow the German insurer to make small acquisitions, the group's finance chief said on Friday after reporting a 19 ...
AIG’s Duperreault Blames ‘Go Large’ Strategy for Insurer’s Past Failures, Pledges 2019 Underwriting Profit
AIG President and CEO Brian Duperreault faced analysts on Valentine's Day looking both ahead and back. He elaborated on continuing steps taken to restore the struggling insurer to health, and what ...
Asia-Pacific Small Businesses Appear Over-Confident About Their Cyber Preparedness: Chubb
A significant perception gap exists between the cyber awareness and cyber preparedness at small and medium enterprises in some Asia-Pacific countries, according to a new Chubb survey. Named "Too ...