Commercial Lines
Blackstone Eyes Insurance With Expansion Into Portfolio Risk Analytics
Blackstone Group LP has bigger plans for insurance companies than just managing their money. The world's largest private equity firm is expanding into a lucrative business dominated by BlackRock ...
Executives On The Move at Allianz, Great American and Validus Specialty
Allianz promoted an executive to the new role of chief business transformation officer. Great American Insurance Group has a new head of its annuity group. Validus Specialty added a senior ...
Cold Weather, Winter Storms Created Feb/March Damage and Turmoil: Aon Benfield
Severe cold weather and a winter storm that affected large parts of Europe during the second half of February and early March caused business interruption and other damages surpassing hundreds of ...
A Phone Call From AIG’s Duperreault; A Deal 72 Days Later
It started with a phone call—from American International Group's Brian Duperreault to Validus Holdings' leader Ed Noonan. Roughly two-and-a-half months later, including time for just over one month ...
U.S. Consumers Sue Kobe Steel, Toyota Over Vehicle Metal Quality
U.S. consumers have filed a lawsuit against Kobe Steel Ltd and Toyota Motor Corp accusing the companies of violating consumer protection laws and engaging in fraud by concealing the use of ...
The Arctic Just Finished Its Warmest Winter Ever
Winter at the top of the world wimped out this year. The Arctic just finished its warmest winter on record. And sea ice hit record lows for this time of year, with plenty of open water where ocean ...
In a Post-Brexit World, UK Financial Services Face These Potential Scenarios
A stand-off between Britain and the European Union over the future of London's vast financial services industry is shaping up as one of the key Brexit battlegrounds of this year. The EU said on ...
ICW Group Expands Workers Comp Underwriting Operations Into 5 New States
ICW Group Insurance Companies plans to start writing workers compensation in five new states: Iowa, Kentucky, Maryland, Minnesota and Missouri. ICW, a group of property/casualty carriers based in San ...