Commercial Lines
Executives On The Move at Swiss Re and Great American
Swiss Re's Corporate Solutions arm chose an executive to lead its new global Contingency and Sports Personal Accident team. Two executives formerly with XL Catlin have joined Great American Insurance ...
Further UK Brexit Plan Details Are on Their Way
The U.K. is preparing to give further details of its approach to Brexit next week when it lays out positions in at least three different areas that it wants to negotiate with the European Union. ...
Bank of America, Deutsche Bank Resolve Agency Bond Rigging Lawsuits
Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market ...
Global Insured Natural Catastrophe/Disaster Losses Hit $23B in H1: Swiss Re
Global insured losses from natural catastrophes and man-made disasters in the first half of 2017 totaled $23 billion, while economic losses during the same period came to $44 billion – an ...
The Latest Launches From Baron, MedPro Group and Pioneer Special Risk
Baron launched a new weather data distribution service. Berkshire Hathaway's MedPro Group expanded its international facility coverage capabilities for U.S.-domiciled risks. Pioneer Special Risk ...
Three Potential Atlantic Storms Are Brewing, Thanks to Warm Ocean Temps
Not one, but three potential storms threaten to usher in the busiest phase of the Atlantic hurricane season later this month, courtesy of warm ocean temperatures. The season -- which runs from June ...
Allstate’s July Pre-Tax Catastrophe Losses: $181 Million
The Allstate Corp. said pre-tax catastrophe losses in July reached $181 million, with more than half of the cost coming from severe wind, hail and rain events in the U.S. Midwest. Broken down, 13 ...
Munich Re, Swiss Re, Hannover Re, SCOR Are Keeping Pricing Discipline in Tough Market: Fitch
The four largest European reinsurers – Munich Re, Swiss Re, Hannover Re and SCOR – have largely maintained pricing and policy terms without a significant drop in their business volumes, despite ...