Commercial Lines
Yahoo Faces Negligence Suits Over Massive Data Breach
Yahoo! Inc. is being accused in lawsuits of failing to secure customer data after the company said the personal information of at least 500 million users was stolen in a 2014 hack. As a result of the ...
U.S. E&S Results Crush P/C Industry as a Whole: Fitch Ratings
E&S underwriters continued to greatly outperform the U.S. P/C industry at large in terms of combined ratio in 2015, even though the sector takes up just a fraction of the overall market, Fitch ...
Tokio Marine Rebrands a Subsidiary to Better Capture More U.S. Business
A subsidiary of Japanese property/casualty insurance giant Tokio Marine is rebranding with an eye on capturing more commercial business from U.S.-headquartered companies. The unit, formerly known as ...
Britain’s Financial Sector Optimism Plunges in Wake of Brexit Vote
Optimism about the outlook for Britain's financial services sector is at its lowest point since the financial crisis, a survey of finance firms showed on Monday. The latest survey of 115 financial ...
More Insurers Boost Their Cash Holdings as Credit Worries Build: BlackRock
Insurers expect to slow purchases of high-grade corporate debt and hold more cash over the next two years, potentially squeezing already low returns, BlackRock Inc. said. "Cash balances are ticking ...
Small Commercial Market Outpaces Personal Lines Growth For U.S. Mutual Insurers
For U.S. property/casualty mutual insurers, growth in the small commercial market is outpacing personal lines growth, a trend driven by carriers' desire to remain competitive, A.M. Best said in a new ...
Firms Race to Gather Data Proving Drone Deliveries Are Safe
United Parcel Service Inc's launch this week of drone test flights simulating emergency medical-supply deliveries highlights a race for data to prove such deliveries can be performed safely. UPS's ...
Executives On The Move at Chubb, Everest Re and Coface
Chubb appointed a new executive to its international general insurance business. Everest Re has a new vice president/head of E&S Casualty. Global trade credit insurer Coface grabbed a former ...