Commercial Lines
Drone Makers Shift to Commercial Uses as Consumer Market Crashes
The fledgling drone industry is in the throes of change as weak consumer demand and falling prices drive startups to shift their focus to specialized business applications. 3D Robotics, an early ...
The Latest Launches From BHSI and Everest Insurance
Berkshire Hathaway Specialty Insurance added new employment practices liability coverage. Everest Insurance expanded its environmental coverage offering. *** Berkshire Hathaway Specialty Insurance is ...
Marsh Acquiring UK Broker Bluefin from AXA
Global broker Marsh announced on Monday that it has reached agreement with AXA Group to acquire Bluefin Insurance Group Limited, a subsidiary of AXA UK plc. Although Bluefin had been backed by AXA UK ...
The Third-Party Capital Juggernaut Continues Unabated: Standard & Poor’s
Perhaps the good news for U.S. property catastrophe reinsurers is this: the influx of third-party capital to their sector has slowed. The reality remains, however, that its growth continues to ...
Hannover Re Soars Toward a Possible $1B Profit for 2016
German reinsurer Hannover Re could make a net profit of 1 billion euros ($1.1 billion) this year while the dividend payout is likely to be in line with last year, the firm's chief financial officer ...
Allianz’s PIMCO Starts Rebound as Insurer Surpasses Q3 Forecasts
Europe's largest insurer Allianz signaled it might return cash to shareholders after reporting forecast-beating quarterly earnings on Friday and the first positive flows into U.S. bond fund manager ...
Nationwide, GEICO Disclose Continuation of Military Veteran Hiring Programs
Nationwide and GEICO are reaffirming their support and resources for plans to hire more U.S. military veterans in various roles. Nationwide plans to hire at least another 1,000 additional military ...
Generali’s Asset Management Unit Helped Support Q3 Performance
Assicurazioni Generali, Italy's biggest insurer, said on Thursday its operating profits were down 5.6 percent so far this year but despite low interest rates the performance had improved in the third ...