Commercial Lines
El Nino’s Odds Keep Dropping; Active Atlantic Hurricane Season Now More Likely
Forecasters again lowered the odds of El Nino forming by year's end, a scenario that may mean more Atlantic hurricanes at a time when federal agencies charged with predicting and responding to ...
CEO Sees Google-like Player Taking Excess D&O to Nontraditional Capital Pools
Dinos Iordanou, the chief executive officer of Arch Capital, may not be working in the insurance industry when it happens, but disruption is coming for excess directors and officers liability and ...
Insurance has always been about helping people and businesses navigate uncertainty. While most insurance policies cover familiar exposures like property,...
XL Catlin Extends Global Property Insurance Capacity to $500M
XL Catlin has extended its global property insurance capacity by 25 percent to $500 million, available on a quota share or layered basis. In addition, in the U.S., the insurer offers capacity up to ...
W.R. Berkley Makes Entertainment/Sports, Environmental Into Separate Operating Units
W.R. Berkley Corp. said it has formed two new independent operating units out of what was one division. The commercial lines insurer and reinsurer said Berkley Entertainment & Sports and Berkley ...
Harassment Probe Leads Uber to Fire 20 Employees
Uber Technologies Inc said on Tuesday it fired 20 employees and was improving management training following an investigation by a law firm into sexual harassment allegations and other claims at the ...
CNA UK Specialty Division Will Establish Post-Brexit Subsidiary in Luxembourg
CNA Hardy said it will launch a European subsidiary in Luxembourg beyond its London headquarters, a move intended to continue open access to the EU market in the wake of last year's Brexit vote in ...
S&P Bumps AIG’s Rating Outlook Down to Negative, Despite New Leadership
American International Group made a big move recently in hiring Brian Duperreault to lead the struggling insurance giant, but Standard & Poor's was not impressed. The ratings agency revised its ...
Trump Administration Will Unveil Revised Self-Driving Rules Later This Year
President Donald Trump's administration will unveil revised self-driving guidelines within the next few months, the head of the U.S. Transportation Department said on Monday, responding to ...