Commercial Lines
Travelers CEO Schnitzer Adds ‘Chairman’ to His Title
The Travelers Companies' CEO Alan Schnitzer has added the title of "chairman" to his nameplate, ending a management structure put in place after the company's legendary leader, Jay Fishman, died of ...
Executives On The Move at Beazley, Kemper, Nationwide and Guy Carpenter
Beazley named a new executive to help grow its engineering business in the U.S. and Latin America. Nationwide hired a financial industry veteran to be chief of investment research for a key division. ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
Data Breaches Caused by Employee Error Still a Huge Problem: Beazley
Hacking and malware attacks including ransomware attacks continue to be the leading cause of breaches, accounting for 32 percent of the 1,330 incidents that insurer Beazley's in-house Breach Response ...
Anbang Insurance Could Encounter Problems Selling Down Assets
As Anbang Insurance Group Co. comes under pressure to reverse a $10 billion-plus global deal spree, a quick selldown of assets may not be so easy. China is said to have asked the acquisitive insurer ...
M&A, Despite Market Risks, Will Continue at Slower Pace: S&P Prediction
Property/casualty insurers and reinsurers continue in 2017 to seek scale in a tough market through mergers and acquisitions. The pace has slowed considerably, however, and Standard & Poor's sees ...
Executives On The Move at BHSI and JLT Specialty USA
An insurance industry veteran of Chubb and Mitsui Sumitomo, among other companies, is joining Berkshire Hathaway Specialty Insurance Company to help launch its new Dublin office. JLT Specialty USA ...
Securing the ‘Internet of Things’ Basis of Bipartisan Senate Bill
A bipartisan group of U.S. senators on Tuesday plans to introduce legislation seeking to address vulnerabilities in computing devices embedded in everyday objects - known in the tech industry as the ...
Wells Fargo Customers Sue Bank, Alleging Insurance Scheme Was a Scam
Wells Fargo & Co. customers accused the bank in a lawsuit of forcing them to pay for unnecessary auto insurance that drove some of them so far into a financial spiral that their vehicles were ...