Commercial Lines
Insurance Rates Soar to Cover M&A Boom, Deal or Not
The cost of insurance to cover problems involving M&A has nearly doubled in just two years, underwriters and brokers said, after an explosion of global dealmaking during the COVID-19 pandemic. ...
Half of $17B Litigation Funding ‘Industry’ Money Spent in the U.S.: Swiss Re
Litigation funding has become a $17 billion industry globally, with 52 percent of that money being spent in the United States, Swiss Re said in a report released Thursday. The reinsurer said ...
Executives On The Move at AIG, AXIS, W.R. Berkley and Liberty Mutual
AIG chose a new Chief Human Resources Officer. AXIS Insurance appointed a new head of its U.S. Excess Casualty team. W. R. Berkley Corporation picked a new head for the Lloyd's managing agent for W. ...
Climbing Prices and Demand Foster Stable Reinsurance Outlook: AM Best
AM Best is maintaining a stable market segment outlook for the global reinsurance segment, citing in part the ongoing positive pricing momentum driven by rising loss cost inflation, enhanced ...
State Auto Innovation Exec Garland Will Lead Company After Liberty Mutual Closes Acquisition
State Auto Financial Corp. will have a new leader with experience in startups, innovation and restructuring once Liberty Mutual closes its $1 billion acquisition of the carrier in 2022. Kim Garland, ...
Goldman Sachs Will Again Face Crisis-Era Securities Fraud Class Action Lawsuit
Goldman Sachs Group Inc must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid conflicts of interest when creating risky subprime securities ...
The Self-Driving Vehicle Race Shifts to Trucks
We'd all be whizzing round in robotaxis by now if Elon Musk had been right. Instead, fully self-driving cars are struggling to get away from the starting grid and some investors are betting that ...
Multicover Is Coming, But Are North American Carriers Prepared to Deliver?
As we approach 2022, North American insurers face a daunting set of challenges. They're beset by well-backed, nimble upstarts like Lemonade, who are eager to grab an increasing share of business, ...