Commercial Lines
Lloyd’s Urges ‘Underwriting Discipline’ in Wake of 2016 Member Losses
Underwriters at Lloyd's of London lost money in 2016, driving the 90-plus syndicates in the insurance market to be more selective in the risks they take on and forcing Lloyd's to cut its subscription ...
Tokio Millennium Re Restructures Third Party Capital Markets Facilitation Arm
A division of Tokio Millennium Re focused on third party capital markets facilitation is changing its management structure in a bid to boost efficiency. The changes are coming to Tokio Solution ...
For nearly four years, Drew Hill has worked alongside Vertafore through our partnership with Mutual Capital Analytics (MCA), helping insurance...
Execs On The Move at Chubb, XL Catlin, CNA and More
Chubb appointed a 25-year insurance veteran to lead Commercial Insurance operations in the Northeast and Mid-Atlantic regions. XL Catlin made key leadership appointments for its Reinsurance ...
Munich Re’s von Bomhard Named 2017 Insurance Hall of Fame Laureate
A Munich Re executive has been named the 2017 Insurance Hall of Fame Laureate. Nikolaus von Bomhard is chairman of the Board of Management of Munich Re. He'll be inducted at the July 3 awards dinner ...
NAIC Brings on Former Penn. Commissioner Consedine as New CEO
The National Association of Insurance Commissioners picked a former Pennsylvania Insurance Commissioner as its new CEO. Michael Consedine, who will take on his new role in early 2017, said in ...
SCOTUS Rejects Hank Greenberg’s Fraud Lawsuit Appeal; Mediation to Come
The U.S. Supreme Court turned away an appeal by Maurice "Hank" Greenberg, refusing to derail a fraud lawsuit by New York state against the former American International Group Inc. chairman. Three ...
Zurich to Acquire Australian Travel Insurer Cover for $551M
Switzerland's Zurich Insurance Group has agreed to buy Australia's biggest travel insurance provider, Cover-More Group, for A$741 million ($551 million), stepping up its investment in the Australian ...
Price Declines Are Accelerating for D&O Coverage: Willis Towers Watson
Price decreases accelerated for directors and officers insurance in the 2016 third quarter, a period during which commercial insurance prices generally remained flat once again overall. The latest ...