Commercial Lines
Insurers Increasingly Anxious About Managing Risks: Wolters Kluwer Survey
Insurers appear to be increasingly anxious about their ability to manage risk across their lines of business, and much more concerned about regulation, according to Wolters Kluwer's new Regulatory ...
W.R. Berkley CEO: Cat Losses Will Force Carriers to Rethink Market Priorities
In light of hurricanes and earthquakes in the 2017 third quarter that left insured catastrophe losses likely surpassing $100 billion, W.R. Berkley Corp. President and CEO Robert Berkley Jr. said he ...
Recently we explored how specialty insurance markets emerge and the signals that help MGAs distinguish a lasting opportunity from temporary...
Big Oil’s $1B Climate Change Fund Chooses First Three Investments
A $1 billion fund created by top energy companies to curb climate change announced its first three investments on Friday and said two new members could be poised join the scheme. The Oil and Gas ...
AIG, Insurer to Disney/ABC, Sues to Avoid Paying Partial ‘Pink Slime’ Settlement Costs
American International Group Inc on Thursday sued Walt Disney Co to avoid having to reimburse the parent of ABC News for part of a settlement of a meat producer's defamation lawsuit over a product ...
Chubb CEO Greenberg: Q3 Catastrophe Hits ‘Within Our Tolerance for Risk’
Chubb, like many insurers and reinsurers, took significant catastrophe loss-hits from the hurricanes and earthquakes that struck in August and September. But the insurer kept overall net losses to ...
Global Insurers Will Seek Rate Hikes After Historic, Catastrophic Q3
Insurers and reinsurers around the globe are looking to raise rates after what looks set to be their most costly quarter on record. Hurricanes Irma and Maria alone caused as much as $135 billion in ...
The Latest Launches From Markel and RMS
Markel Corp. unveiled new primary insurance cover for biomedical and life sciences companies. Catastrophe modeling firm RMS opened a new office in Sydney, Australia, to help support clients' ...
Munich Re Expects a 2017 Profit Despite Q3 Hurricane Hits
Munich Re expects claims of €2.7 billion ($3.2 billion) from Hurricanes Harvey, Irma and Maria, which will lead to a third quarter loss of €1.4 billion ($1.64 billion). The group said it expects ...