Commercial Lines
Italian Bank Intesa Reportedly Mulling Generali Acquisition
Italian banking and insurance group Intesa Sanpaolo is considering a bid for the country's biggest insurer, Assicurazioni Generali, sources said on Tuesday, in what would be among the industry's ...
Travelers’ Q4 Profit Jumps Nearly 9 Percent; High Private Equity Returns Helped
Travelers Cos., the only property-casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit jumped 8.9 percent as investment income improved and the company recorded a gain ...
UK Court Mandates Parliament Vote Before Brexit Can Begin
The highest U.K. court ruled Prime Minister Theresa May must seek an act of Parliament to trigger the two-year countdown to Brexit, handing lawmakers a chance to soften the government's plan. The ...
At Least 18 Dead Due to Storm Slamming U.S. South
A dangerous weekend weather system killed at least 18 people in the U.S. South, with Georgia officials reporting more than a dozen deaths on Sunday after severe thunderstorms and tornadoes buffeted ...
Bankers Worry UK PM Is Underestimating Time Needed for Proper Brexit
Global banks, already accelerating plans to pull back from London as Brexit looms, are increasingly concerned that Prime Minister Theresa May is underestimating the time they'll need to adjust to the ...
Verisk Expands Casualty Analytics Capabilities With UK Acquisition
Verisk Analytics now owns Arium, a British company focused on liability risk modeling and decision support. Neither side disclosed financial terms, but the acquisition is the latest in a series of ...
Swiss Re, XL Catlin to Launch India Branch Offices
Swiss Re and XL Catlin say they've both gotten regulatory approval to open branches in India, following the government's move last year to open its market to foreign insurers and reinsurers. In XL ...
2017 Forecast: Financial Experts Offer Cautious Optimism for P/C Insurers
Financial experts are expressing cautious optimism for the P/C industry as it heads into 2017, though they say that multiple factors will continue to pose a challenge. Perhaps one of the biggest ...