Commercial Lines
$136 Billion: Swiss Re’s Tally for Global Insured Catastrophe Losses in 2017
Global insured catastrophe losses reached $136 billion in 2017, more than double last year's number. Blame a large spike in extreme weather, according to Swiss Re's preliminary sigma estimates. Of ...
Gig-Economy Legal Risks May Rise After Uber Loses UK Court Fight
Uber Technologies Inc. will be regulated in European Union countries as a transport company after the bloc's top court rejected its claim to be a digital service provider, a decision that could ...
Hamilton Finds Buyer for Sportscover Legacy Book
Hamilton Insurance Group has found a buyer for the legacy book the insurer inherited from its purchase of Sportscover Underwriting Ltd. in April 2015. Syndicate 3330 will buy the business from ...
Volante Global Debuting in Early 2018 as Multi-Class International MGA Platform
Volante Global Ltd will launch and commence trading during Q1 2018, subject to Lloyd's coverholder approvals where appropriate. The new multi-class and multi-territory international managing general ...
Executives On The Move at Chubb, Starr Companies and Grinnell Mutual
Chubb appointed a new executive to lead its U.S. Major Accounts/Property arm. Starr Companies named its latest president and chief executive officer for Starr Insurance Holdings. Grinnell Mutual has ...
EU Wants Post-Brexit Trade Deal in Place by January 2021
The European Union expects the U.K.'s post- Brexit transition period to last until the end of 2020 and is aiming for a trade deal to kick in immediately after that, according to a European Commission ...
Deadly Amtrak Crash at 50 MPH Over Limit Rekindles Safety Debate
The deadly Amtrak crash in Washington state marked the railroad's third fatal accident in as many years, putting the passenger rail operator under fresh scrutiny less than a month after safety ...
Offshore Oil Workers Allege Safety Lapses in Gulf of Mexico Platform Fire Suit
Three offshore oil workers filed a lawsuit against units of Royal Dutch Shell and Enbridge, seeking $1 million in damages for injuries they allegedly received during a Nov. 8 fire on a U.S. Gulf of ...