Commercial Lines
Liberty Mutual’s Safeco to Take EMC’s Agency Personal Lines Biz
With an intention to focus on commercial, reinsurance and life insurance business going forward, EMC Insurance Companies announced an agreement with Safeco Insurance related to its existing personal ...
Catastrophes Give Insurers a Chance to Show Their Humanity, Says W.R. Berkley’s CEO
The aftermath of Hurricane Michael and other catastrophes this fall gives insurers a chance to show that they care about more than just numbers, W.R. Berkley's president and CEO said. "Hopefully this ...
The Hartford Boosted Q3 Profit With Lower Taxes, Higher Premiums and Acquisition Bounty
The Hartford booked significantly higher net income during its 2018 third quarter, thanks largely to higher returns in several lines and lower taxes. Third quarter 2018 net profit came in at $427 ...
American Family/Main Street America Merger Finalizes on Oct. 31
Policyholder members at Madison, Wisconsin-based American Family Insurance Mutual Holding Co. have approved the company's merger with Florida's Main Street America Group Mutual Holdings Inc. More ...
UK Attorney General Is Latest Hurdle to a Brexit Deal
When Theresa May promoted a little-known, pro-Brexit lawyer to be attorney general in July, she hoped he would be the right man to take on the legal complexities of the U.K.'s divorce talks with the ...
New Mortgage Bond Offerings Minimizes Hurricane Risk Even When Storm Strikes
Hurricane Florence damaged some 30 Invitation Homes Inc. residential properties when it walloped the Carolinas in September, but that hasn't kept the houses out of a new mortgage-backed securities ...
Executives On The Move at W.R. Berkley Corp. and AXIS Capital Holdings
W.R. Berkley Corp. promoted two executives: one within its Berkley Public Entity arm and the other at its Admiral Insurance Unit. AXIS Capital Holdings Ltd. appointed an executive to its board of ...
Munich Re Closes Acquisition of IoT Startup That Helps Companies Pursue ‘Digital Transformations’
Munich Re has closed its acquisition of relayr, an Internet of Things-related software company in which it had initially invested in 2016. The acquisition, through Munich Re subsidiary Hartford Steam ...