Commercial Lines
Drones to Assess Harvey Damage Will Share Space With Other Tech
In the aftermath of Hurricane Harvey and the flooding that followed, property/casualty insurers are ramping up for their widest use of drones to date to help facilitate the processing of catastrophe ...
The Latest Launches From Chubb and CNA/Aon Affinity
Chubb released new enterprise risk management policy forms for its commercial cyber policyholders in the U.S. and Canada. CNA and Aon Affinity, the affinity business of Aon plc, partnered to offer ...
Allianz Expands in Africa With Planned Nigeria Acquisition
Allianz has agreed to snatch up a Nigerian insurer in a move that gives it a greater foothold in Africa. The German insurance giant said it has signed a binding agreement to buy 98 percent of ...
Brexit Deadline: UK Insurers Must Decide on Moving EU Policies by November
Insurers in Britain face crunch time within weeks if the government and the European Union do not allow millions of cross-border policies to continue to run undisturbed beyond Brexit. While Britain ...
Insurers Might Escape Harvey-Related Legal Fights Due to New Texas Law
As if victims of Hurricane Harvey didn't have enough to deal with, a Texas law that takes effect Sept. 1 may make it harder for them to sue insurers for payment of claims. Texas House Bill 1774, ...
U.S. P/C Insurers Generated H1 Net Loss of $5.1B: A.M. Best
The U.S. property/casualty (P/C) industry recorded a net underwriting loss of $5.1 billion for the first six months of 2017, according to preliminary results, compared with a $2.0 billion loss in the ...
Novae Shareholders Approve AXIS Capital’s $611.5M Bid
AXIS Capital Holdings Ltd.'s planned $611.5 million acquisition of Novae Group plc will be going through. AXIS, a Bermuda-based specialty insurer, disclosed that Novae's shareholders on Aug. 29 cast ...
Executives On The Move at XL Catlin and W.R. Berkley
XL Catlin brought on a new client distribution leader for its Southeast broker and client management operation. W.R. Berkley's W.R. Berkley Corp.'s Berkley Program Specialists hired a business ...