Commercial Lines
Executives On The Move at Chubb and Willis Towers Watson
Chubb tapped two former Zurich executives and a third from within the company for its regional claims team. Willis Towers Watson appointed aa new corporate risk and broking market leader and ...
Wells Fargo Will Fork Over $108M to Settle Lawsuit Over Veterans’ Loans
Wells Fargo & Co will pay the U.S. government $108 million to settle a whistleblower lawsuit claiming it charged military veterans hidden fees to refinance their mortgages, and concealed the fees ...
Liberty Mutual’s Ironshore Acquisition Helps Buttress Q2 Results
Liberty Mutual reported an improved 2017 second quarter, with a big jump in net premiums written and net income driven by its $3 billion acquisition of property/casualty specialty insurer Ironshore ...
Allianz’s PIMCO Touts $62B in Q2 Inflows; Ivascyn Credited With Turnaround
Allianz SE three years ago bet the future of its then $2 trillion bond firm on Dan Ivascyn, a little-known money manager at the time who had been picked to succeed Pacific Investment Management Co. ...
Frequency of Cyber Breach Attacks Down: RMS Report
While it may seem like more cyber breach attacks are being reported than ever before, the number of breach events in the United States has been declining over the last three years, an RMS expert said ...
Volkswagen Seeks Dismissal of $1B Wyoming Environmental Lawsuit
Volkswagen AG, trying to put a massive emissions-cheating scandal behind it, has asked a U.S. judge to reject a lawsuit by Wyoming potentially seeking more than $1 billion in additional penalties for ...
AIG CEO Duperreault Wants to Rebuild Insurer’s ‘Strong’ Talent Bench
Brian Duperreault, American International Group's CEO since May, is trying to get the word out that the struggling insurer is a great place to work again. His predecessor, Peter Hancock, slashed jobs ...
Allstate’s Q2 Profit Doubles Thanks to Higher Premiums, Investment Gains
Allstate saw its profit more than double thanks to increased premiums, strong investment results and lower auto insurance claims frequency. Net income was $550 million for the second quarter of 2017 ...