Commercial Lines
Everest Re CEO Addesso Gains Contract Extension Through 2019
Dominic Addesso, president and CEO of Bermuda-based Everest Re Group Ltd., has gotten a contract extension. The Bermuda-based reinsurer and insurer said he will remain in both roles through Dec. 31, ...
Reinsurers’ Hurricane, Quake Losses Could Hit $25B: A.M. Best
Cumulative net catastrophe losses for reinsurance companies from Hurricanes Harvey, Irma and Maria, along with the Mexico earthquakes, are between $20 billion-$25 billion out of an overall industry ...
Brexit Drives British Ship Insurer North to Establish Dublin Subsidiary
British ship insurer North is setting up a new European Union subsidiary in Dublin in case Britain loses access to the single market after Brexit, becoming the first of these specialized providers to ...
Takata Corp. Slow to Repair Defective Air Bags in U.S. Vehicles
Nearly two-thirds of the U.S. vehicles containing defective air bag inflators made by Takata Corp. remain unrepaired as automakers have made varying degrees of progress addressing the largest auto ...
Machine Learning at an MGA
Machine learning, AI, cognitive computing and predictive analytics—terms that are oftentimes used interchangeably these days—are washing over the insurance industry with promises of increased ...
‘Brexit Bill’ Proposal Likely From Britain Before December EU Summit
Britain will submit proposals on how to settle its divorce bill with the European Union before an EU summit next month and is expected to negotiate hard, finance minister Philip Hammond said on ...
FAA Approves AT&T Drone for Puerto Rico Cellular Service
The U.S. Federal Aviation Administration on Friday said it had approved a request by AT&T Inc to use a new drone known as the Flying Cow or Cell on Wings to help restore cellular service in ...
Markel Vice Chairman Crowley to Retire; CFO Waleski Will Leave by Early 2019
Markel Corp said its vice chairman is retiring by the end of 2017, and its chief financial officer will be leaving in early 2019. Markel Vice Chairman F. Michael Crowley said he will retire on Dec. ...