Commercial Lines
Zurich Board Proposal: Liès to Succeed de Swaan as Chair in 2018
Zurich Insurance Group announced last week that the board of directors will propose the election of Michel M. Liès as Chair at the Annual General Meeting (AGM) to be held April 4, 2018. Upon his ...
AmTrust Signs $400M Reinsurance Agreement With Premia Re
AmTrust Financial Services inked a reinsurance agreement with Premia Reinsurance Ltd. The cover addresses loss reserve development up to $400 million over the company's stated reserves of $6.59 ...
The Latest Launches From Swiss Re/Ping An and Chubb
Swiss Re and Ping An Property & Casualty Insurance Company in China debuted a new product for the China market. Chubb said it has once again updated coverage options for technology companies ...
W.R. Berkley Corp. Sells D. C. Real Estate for $120 Million
W.R. Berkley Corp. has sold a piece of real estate in Washington, D.C. for a sizable price. The Connecticut-based insurer and reinsurer said it will report a realized pre-tax gain of about $120 ...
Insurers May Face $2.5B in Claims With Next WannaCry Cyber Attack
Cyber crime insurers largely avoided costly claims from the recent attacks that hit business around the globe. The next global virus could change that. "It's exceptionally likely that we will see an ...
Swiss Re Switches $130B in Liquid Assets to Track Ethical Indices
Swiss Re is switching the entire $130 billion it holds in liquid assets to track ethical indices, the latest move towards principled investments by the insurance industry. The world's second-largest ...
New AIG Global COO Zaffino Gets Initial Pay Package Worth Over $8.5M
American International Group's new Global Chief Operating Officer Peter Zaffino starts his tenure at the struggling insurer with an initial pay package worth more than $8.5 million, according to a ...
China Insurance Premiums Soared in 2016, Slowed Down Most Other Places
Global insurance premiums increased by 3.1 percent in real terms during 2016, down from growth of 4.3 percent reported in 2015, according to Swiss Re Institute's sigma study. The report described ...