Commercial Lines
Anbang Insurance Gets $9.7B Infusion From Chinese Govt. After Fraud Alleged
China is injecting 60.8 billion yuan ($9.7 billion) into Anbang Insurance Group Co. as it attempts to contain the fallout after the company's former chairman was accused of masterminding a ...
Swiss Re Predicts SofBank Stake in Reinsurer Won’t Exceed 10%
Billionaire Masayoshi Son's SoftBank Group Corp. is likely to take a stake of 10 percent or less in Swiss Re AG as it seeks to gain a foothold in the cash-rich reinsurance industry. The Swiss ...
Cat Bond Issuance Goes Largely Global in Q1:PCS/Verisk
Catastrophe bond issuance for the 2018 first quarter soared to a new record, landing much higher than the previous year. The transactions have also gone largely international, according to a new ...
Predictive Analytics Help Commercial Lines Insurers Boost Profit, Reduce Underwriting Volatility: A.M. Best
The increasing use of predictive analytics among commercial lines insurers has helped improve their bottom lines and led to more balanced underwriting cycles, A.M. Best concluded in a new special ...
MGAs Are Increasingly Taking on Carrier Business Practices
Among the most profound changes in commercial insurance over the past decade has been the growing role of managing general agencies (MGAs) as measured by premium volume and by the growing scope of ...
Data System in Third U.S. Pipeline Company Hobbled After Cyber Attack
A third U.S. pipeline company reported its electronic system for communicating with customers has stopped working, a day after a cyberattack resulted in a similar shutdown. The Department of Homeland ...
April Reinsurance Renewals Continue Flat Pricing Trends: Willis Re Report
Reinsurance buyers were able to renew loss-free programs at broadly flat pricing levels during the April 1 renewals – continuing the trend seen at the January renewals, according to a new Willis Re ...
Insured Losses Exceed $421M From January’s Calif. Mudslides
A series of deadly mudslides along Southern California's coast in January caused more than $421 million insured losses, the state's insurance commissioner said on Monday. Insurers received more than ...