Commercial Lines
A ‘Cliff-Edge’ Brexit Will Lead to UK/EU Banking Regulatory Team Up
The Bank of England and European Central Bank will create a task force to keep markets orderly in the event of a "cliff edge" Brexit next March. The European Commission and Britain's finance ministry ...
Swiss Re Plans Standalone E&S Arm in North America
Swiss Re Corporate Solutions will debut a standalone excess and surplus (E&S) business unit in North America. This unit will include Swiss Re's traditional E&S property and E&S casualty ...
Carriers, Calif. Commissioner Battle Over Wildfire Bills
California Insurance Commissioner Dave Jones appears to be poised for a fight with the insurance industry over a legislative package supporters say will protect survivors of wildfires that struck ...
CNA CFO Mense Plans to Retire; Anderson Chosen as Successor
The longtime chief financial officer of CNA Financial Corp. is retiring at the end of the year, the company disclosed. D. Craig Mense, who is also an executive vice president, plans to move on ...
AXIS Sees Early Benefits From 2017 Novae Acquisition
AXIS Capital Holdings saw its first-quarter net income and premium volume jump considerably, year-over-year, gains driven largely from its $611.5 million acquisition of Novae Group plc in late 2017. ...
Insurers Handed Updated Disaster Response/Recovery Plan Requirements in New York
The New York Department of Financial Services (DFS) has issued updated disaster response and recovery plan requirements for all insurance companies licensed to conduct business in New York state. It ...
Appeals Court Overturns Johnson & Johnson $151M Hip Implant Verdict
Johnson & Johnson on Wednesday secured a favorable U.S. appellate court ruling, overturning a verdict that had awarded $151 million to five people who blamed injuries they suffered on the ...
Zurich Reportedly Joining Wave of Companies Cutting Malaysia Stakes
Zurich Insurance Group AG is working with advisers to cut its stake in its Malaysian life insurance unit, people with knowledge of the matter said, joining a wave of foreign players planning over $2 ...