Commercial Lines
Higher Catastrophe Losses Push Private U.S. P/C Insurers Into the Red
For private U.S. property/casualty insurers, the first nine months of 2016 were markedly worse than the same period in 2015, due to higher catastrophe losses and less favorable reserve development. ...
The Latest Launches From Ironshore, Everest Insurance and Aon
Ironshore is expanding a customized property/liability policy for high-net-worth homeowners into New York. Everest Insurance debuted auto buffer coverage for large motor fleets. A division of Aon ...
Allianz, Standard Chartered Bank Seal Asia Distribution Deal
German insurer Allianz and Standard Chartered Bank on Thursday announced a 15-year agreement to distribute Allianz's general insurance products in Hong Kong, Singapore, Malaysia, Indonesia and China. ...
Markel Corp. Partners With Next Insurance to Target Personal Trainers
Specialty insurer Markel Corp. has partnered with online small-business insurer Next Insurance to offer tailored coverage for personal trainers. Personal trainers can buy insurance online with Next ...
OneBeacon Is Reportedly Soliciting Offers From Rival Insurers
OneBeacon Insurance Group Ltd., the specialty insurer controlled by White Mountains Insurance Group Ltd., is exploring a sale, people familiar with the matter said. The Bermuda-based company recently ...
State Auto, Munich Re America CEOs Sound Off at P/C Insurance Joint Industry Forum
President-elect Donald Trump was just one of many things on the minds of property/casualty insurers at this year's Insurance Information Institute Property/Casualty Insurance Joint Industry Forum, ...
Lloyd’s Considering 5 Locations for New Post-Brexit EU Subsidiary
Lloyd's of London will make an announcement on its new European subsidiary by the middle of April at the latest, its Chairman John Nelson said on Tuesday, as it prepares for Britain's exit from the ...
Zurich to Cut Spending on Large Tech Projects as Part of Cost-Saving Plan
Zurich Insurance Group AG, Switzerland's biggest insurer, plans to cut spending on large technology projects as it seeks to reduce costs, according to Chief Risk Officer Cecilia Reyes. "Managing, ...