Commercial Lines
J&J Hit With Australian Class Action Suit Over Pelvic Mesh Complications
Australian women have brought a class-action case against Johnson & Johnson over complications arising from vaginal mesh implants - a lawsuit that follows many others in the United States, Canada ...
The Hanover’s Chaucer Acquires Lloyd’s MGA Focused on Sports, Leisure, Entertainment
The Hanover Insurance Group snatched up a Lloyd's managing general underwriting agency based in Australia, in a deal that will boost its competitive status there and also expand its overall specialty ...
H1 Catastrophe Bond Issuance Produces Massive $8.8B in New Limit: PCS
Catastrophe bond issuance for the 2017 first half reached new records for the sector, with its nearly $8.8 billion in new limit coming in larger than the biggest full year in catastrophe bond market ...
Investors Begin Nudging Companies to Reduce Carbon Footprint
Investors are slowly starting to push companies to reduce their carbon footprint and help the world meet targets on limiting global warming that were agreed in the 2015 Paris climate talks. Energy ...
Icahn Appears Ready to Give AIG CEO Duperreault a Chance
Billionaire Carl Icahn, one of the largest investors in American International Group Inc., is easing off his demands for a breakup of the insurer after the company sold assets and brought on a new ...
New AIG CEO Duperreault Reiterates Desire to Focus on Acquisitions over Share Buybacks
American International Group Inc's new chief executive Brian Duperreault said on Wednesday the company would likely slow the pace of share buybacks and instead spend on acquisitions. "I'd love to ...
PCI Hires Treasury Department, Federal Insurance Office Veteran
A veteran of the U.S. Department of Treasury and other government departments who helped establish the Federal Insurance Office is joining the Property Casualty Insurers Association of America. Chris ...
PartnerRe Executives Walker and Pestcoe Will Retire Early Next Year
PartnerRe Ltd. said that two of its long-time executives are retiring. Tad Walker, CEO Property & Casualty, and Marvin Pestcoe, chief risk and actuarial officer, will both retire from the company ...