Commercial Lines
Delaware Sues Opioid Manufacturers, Distributors Over Epidemic
Delaware on Friday became the latest state to file a lawsuit accusing corporations of helping fuel the national opioid epidemic, suing a wide range of companies involved in making, distributing and ...
JLT Specialty USA Chooses Chicago as U.S. Headquarters
JLT Specialty USA has chosen Chicago as its U.S. headquarters. The U.S. subsidiary of Jardine Lloyd Thompson Group plc announced the news on Jan. 18, along with Chicago Mayor Rahm Emanuel. JLT's US ...
$1B GM Ignition Switch Settlement Tossed by Judge
A federal bankruptcy judge on Thursday said a settlement agreement that would require General Motors Co to pay $1 billion in stock to car owners suing the company over faulty ignition switches was ...
Berkshire Hathaway Vice Chairman Jain Holds $109M in Company Shares
One of Warren Buffett's top deputies has amassed a stake in Berkshire Hathaway Inc. valued at more than $100 million. Ajit Jain, the insurance executive who was named a vice chairman of Buffett's ...
The Latest Launches From Willis Re and Munich Re
Willis Re beefed up its cyber risk portfolio modeling tool to include a new, key feature. A deal Munich Re forged with another company enables its insurance carrier clients to obtain drone ...
Trump Tax Cut: Potentially Big Bottom Line Benefit to U.S.-Domiciled Companies
Federal tax reform was a big topic of discussion at the Insurance Information Institute's 2018 P/C Joint Industry Forum, with panelist Jay Gelb of Barclays Capital stating the recently passed tax law ...
Guidewire Software Teams With Global Startup Platform Plug and Play
Guidewire Software said it joined up with global startup platform Plug and Play to help promote technology innovation in P/C insurance. Specifically, Guidewire will work with certain Plug and Play ...
RenaissanceRe Will Buy Minority Stake in Legacy Acquirer Catalina Holdings
RenaissanceRe will pick up a minority stake in Catalina Holdings (Bermuda) Ltd., a long-term manager of legacy runoff P/C insurance and reinsurance businesses. Neither side is disclosing financial ...