Commercial Lines
Executives On The Move at XL Catlin and Starr Companies
XL Catlin turns to emerging markets with the appointment of a new vice president focused on the growing sector. Starr Companies, meanwhile, named a new chief underwriting officer for financial lines. ...
AXA Restructuring: Execs May Slash 600 Insurance Jobs in Belgium
Axa SA is considering cutting 650 jobs in Belgium over the next two years, as Europe's second-largest insurer overhauls its range of products sold in the country. Axa Belgium has presented the plan ...
Negative Reinsurance Sector Outlook Not Changing Anytime Soon: A.M. Best
A.M. Best said its outlook for the reinsurance sector remains negative due to a multitude of factors, and it will likely stay that way for quite some time. "Our rating outlook remains longer-term ...
Post-Brexit Warning: Lloyd’s Chairman Says UK Risks Losing Insurers
Lloyd's of London and other insurers will be forced to move part of their businesses to the European Union if they fail to access the single market following Britain's decision in June to leave the ...
Farmers Launches Food Truck Insurance Product
Farmers Insurance has launched an innovative new policy that offers licensed food truck owners the opportunity to purchase a single policy that combines commercial automobile coverage for their truck ...
Battery Combustion Risk Forces Recall of Samsung Galaxy 7 Smartphones
Samsung Electronics Co. recalled its Galaxy Note 7 smartphones because of a faulty battery and announced a global replacement program, days before archrival Apple Inc. is set to unveil its newest ...
Hospital Surgery Rates for Workers Comp Vary Widely
Hospital rates for outpatient surgery paid by workers compensation vary significantly across states, with those states with fixed fee schedules having lower surgery costs for injured workers. Workers ...
Executives On The Move at Everest Re and W.R. Berkley Corp.
A former PartnerRe exec is joining Everest Re, with plans to head Casualty Underwriting in its Zurich office. W.R. Berkley Corp. gave one of its longtime executives an additional leadership role. *** ...