Commercial Lines
For Two Years Running, U.S. Wildfire Claims Payouts Will Exceed $10 Billion
Here's an ominous milestone for the property/casualty industry: 2018 will likely be the second consecutive year where insurance claims payouts related to annual U.S. wildfires will exceed $10 ...
Executives On The Move at Planck Resolution and AGCS
Planck Resolution hired a former AIG executive in a key role. Allianz Global Corporate & Specialty promoted one of its executives to become North America regional head of Entertainment. *** A ...
Ironshore Bermuda Rebranded as Liberty Specialty Markets; Horton to Lead
Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, is integrating its Ironshore Bermuda businesses and brands into a single entity called Liberty Specialty Markets Bermuda. The ...
Global Reinsurance Market Outlook Upgraded to Stable: A.M. Best
A.M. Best has upgraded its outlook for the global reinsurance market to stable from negative, citing greater market stability and the benefits that alternative capital brings to the table. Stability ...
Clues From Massive Marriott Hack Reportedly Implicate China
Hackers behind a massive breach at hotel group Marriott International Inc left clues suggesting they were working for a Chinese government intelligence gathering operation, according to sources ...
Brexit Vote Places UK Future at Stake, EU Negotiator Argues
The British parliament's vote on Prime Minister Theresa May's Brexit deal will determine the future of the country, the chief EU Brexit negotiator said on Thursday, insisting that the deal was the ...
Commercial Auto: An Old Dog Up to New Tricks
For the seventh consecutive year, commercial auto is losing money. Despite rate increases in 23 of the last 25 quarters, the combined ratio topped 111 percent in 2017. The line has been a weak spot ...
Executives On The Move at AIG and Swiss Re
American International Group appointed a veteran of MetLife Japan to lead its Asia Pacific General Insurance arm. Swiss Re Corporate Solutions promoted an executive to be head of Excess & Surplus ...