Commercial Lines
Irma Insured Losses Will Hit Between $35B-$55B: RMS Estimate
Hurricane Irma likely caused between $35 billion and $55 billion in insured losses in the U.S. and the Caribbean combined, according to the latest estimate from catastrophe modeler RMS. Broken down, ...
Global Reinsurers Likely Exposed to Catastrophic Mexico City Quake: Morgan Stanley
Global reinsurers will likely face exposures from a massive magnitude 7.1 earthquake that struck Mexico City on Sept. 19, Morgan Stanley said in a new research note. This earthquake led to dozens of ...
Zurich North America CEO Will Depart; Savio to Replace Him on Jan. 1
Zurich North America CEO Mike Foley plans to leave his position at the end of 2017 after more than a decade with the Swiss insurance giant. His successor has already been chosen: Kathleen Savio. ...
EU Officials Don’t See UK PM May Breaking Brexit Negotiation Deadlock
European Union officials aren't holding out much hope that U.K. Prime Minister Theresa May will next week break the deadlock in the Brexit negotiations. A week before May delivers a speech in ...
Executives On The Move at Liberty Mutual, Allianz and Arch Capital Group
Liberty Mutual Insurance hired a veteran Travelers executive in a leadership role. Allianz promoted two executives in Germany and Italy. Arch Capital Group promoted three executives to fill various ...
Harvey, Irma-Ravaged Farms May Miss Out on U.S. Govt. Crop Insurance Cover
In the U.S, government-backed insurance plans help compensate farmers for losses after natural disasters. Unfortunately for the produce growers that were ravaged by recent hurricanes, a lot of the ...
Hundreds Dead After Mexico Quake; Survivor Search Begins
Mexican search and rescue teams worked through the night after an earthquake rocked one of the world's largest urban centers, killing hundreds and reducing buildings to rubble. Military police, ...
The Latest Launches From Travelers, Markel and Berkley
Travelers has redesigned its personal insurance web experience. Markel has enhanced its professional liability coverage for hard-to-place law firms. Berkley is now offering per-project primary limits ...