Commercial Lines
AmTrust Struck With A.M. Best Ratings Downgrade
AmTrust Financial Services got slapped with a downgrade of its financial strength and credit ratings from A.M. Best, even as the company's stockholders recently approved a bid to take it private. The ...
Executives On The Move at Hamilton Insurance Group and Chubb
Hamilton Insurance Group named a new Group Head of Human Resources. Chubb promoted two executives in its overseas Global Energy arm. *** Hamilton Insurance Group appointed Daniel Fisher as Group Head ...
Zurich Insurance Extends Flood Resilience Alliance for 5 More Years
Zurich Insurance Group plans to extend its flood resilience alliance for a second five-year period, until 2023. The alliance, including non-profits, academia and Zurich's risk management experts, has ...
MasterCard, Visa Lose Out in U.K. Retailer Fees Suit Appeal
A British appeals court ruled in favor of retailers including J Sainsbury Plc in a blow to credit card firms that could now face billions of pounds in damages. The fees fixed by Visa Inc. and ...
Adidas Warning Millions of U.S. Customers About Data Breach
Adidas AG is the latest company to come under attack from cyber-thieves looking to steal personal information, with millions of customers potentially at risk. The athletic-wear company alerted ...
PwC Ordered to Pay FDIC $625.3M Concerning Bank’s Collapse
A federal judge on Monday said PricewaterhouseCoopers LLP must pay $625.3 million in damages to the Federal Deposit Insurance Corp for failing to uncover fraud that led to one of the largest bank ...
Swiss Re Launches Restrictive Coal Exposure Coverage Policy
Swiss Re has started a policy where it will not provide insurance or reinsurance to businesses with more than 30 percent thermal coal exposure. The policy, first announced in June 2017, is designed ...
XL Catlin’s VC Arm Leads $16.5M Financing for Israeli Maritime Risk Analytics Firm
XL Catlin's venture capital arm is the lead investor in a $16.5 million financing for Windward, a maritime risk analytics firm based in Israel. XL Innovate led the Series C financing, though previous ...