Commercial Lines
Executives On The Move at Navigators, Great American and Starr Companies
Three Chubb vets are taking on executive leadership roles at Navigators. Great American Insurance Group appointed a new director for a division within its Singapore branch. Starr Companies promoted ...
Jan. 1 Reinsurance Renewal Price Drops Moderate: Guy Carpenter
Once again, Jan. 1 reinsurance renewals are indicating pricing declines, but the trend has moderated somewhat. Property catastrophe pricing fell 3.7 percent at Jan. 1, according to the Guy Carpenter ...
I’ve been in this industry long enough to know that a great year can also be a warning sign more...
Active Atlantic Hurricane Periods Don’t Necessarily Point to More U.S. Landfalls
Active Atlantic hurricane periods, like the one now, are not necessarily a harbinger of more rapidly intensifying hurricanes along the U.S. coast, according to new research performed at the ...
Watsa’s Fairfax Reportedly Wants Ontario Pension Fund to Back $4.9B Allied World Buy
Prem Watsa's Fairfax Financial Holdings Ltd. is in talks with the Ontario Municipal Employees Retirement System to see if the pension fund will help finance his $4.9 billion takeover of Allied World ...
2016 Global Natural Catastrophe Losses Hit a 4-Year High: Munich Re
Global natural catastrophe losses reached their highest level in four years in 2016, with a big chunk coming from North American storms and other weather events, Munich Re said in its annual ...
P/C Software Company Duck Creek Technologies Makes an Acquisition
Duck Creek Technologies, a tech outfit that provides cloud services and software for the property/casualty industry, has made an acquisition in a bid to broaden its product offerings. The Boston, ...
Volkswagen Faces Legal Test in Germany Over Emissions Scandal Compensation
German consumer rights champion myRight filed the first legal test case against Volkswagen in Germany on Tuesday, raising pressure on the carmaker to compensate customers in Europe over the emissions ...
Judge Slashes $1B J&J Hip Implant Award Verdict in Half
A U.S. judge almost halved the award in a December jury verdict that ordered Johnson & Johnson and its DePuy Orthopaedics unit to pay more than $1 billion to plaintiffs in six lawsuits who said ...