Commercial Lines
MAPFRE’s Castelo Takes Over as CEO for North America Operations
Spanish insurer MAPFRE Group has a new CEO for its North America arm, eight months after the changing of the guard was first announced. Alfredo Castelo is now president and CEO of MAPFRE U.S.A. Corp. ...
Zurich North America’s Combined Commercial, Global Corporate Units Have a New Name
Zurich's continued push to streamline operations continues with news that the newly-formed unit combining its former North America Commercial Markets and Global Corporate arms has a formal name, and ...
The Latest Launches From Allied World, Tokio Marine and Neon
Allied World added new cyber liability enhancements and related services to its U.S. managed care package policy. A division of Tokio Marine added drone insurance to a key broker portal. Neon beefed ...
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 ...