Commercial Lines
October Brexit Deadline May Quietly Go Away
The U.K. and the European Union still say in public they want a Brexit deal wrapped up in the next seven weeks. Behind the scenes, though, senior officials on both sides admit this is unlikely. They ...
Watsa’s Fairfax Financial Donates $1M Toward Flood Recovery/Relief in India
Fairfax Financial Holdings Ltd. said it is donating $1 million toward relief and recovery involving the recent floods in Kerala, India. The donation will be primarily through the Red Cross. Prem ...
Insurers Can Handle Hurricane Lane’s Hawaii Damage: A.M. Best
Hurricane Lane may have caused widespread floods and landslides in Hawaii, but insurers should be equipped to handle any losses, A.M. Best said in a new briefing. The ratings agency said that most ...
Executives On The Move at Allied World, CyberCube and At-Bay
Risk analytics startup CyberCube is bringing on a former Swiss Re executive as part of its board of directors. Allied World promoted one of its rising executives to a position involving Asia Pacific ...
Another Tally Leaves Puerto Rico Hurricane Maria Deaths Much Higher Than Initial Count
Nearly 3,000 Puerto Ricans died due to Hurricane Maria, according to a George Washington University report commissioned by Governor Ricardo Rossello that's the latest to assert that the island ...
Aspen Insurance Will Go Private in $2.6B Sale to Investment Manager Apollo
Aspen Insurance Holdings Ltd said on Tuesday certain funds affiliated to alternative investment manager Apollo Global Management LLC will take the insurer private in an all-cash transaction valued at ...
Allstate Will Acquire Identity Protection Company in $525M Cash Deal
The Allstate Corp. is expanding into the identity protection space with a planned $525 million acquisition of InfoArmor Inc. Allstate will pay cash for the privately held Scottsdale, Ariz. company ...
Chubb Licenses Duck Creek Technology Software for Global Use
Chubb has licensed Duck Creek Technology software products for use in all of its global business units. Financial terms were not disclosed. Chubb Chief Information Officer Monique Shivanandan said ...