Commercial Lines
Everest Re Closes $49M Sale of U.S. Crop Insurance Subsidiary
Everest Re Group has closed the sale of its U.S. crop insurance subsidiary, pocketing $49 million in the process. Plans for CGB Diversified Services to buy Heartland Crop Insurance were first ...
The Latest Launches From CNA, Endurance and Beazley
CNA launched new coverage designed to address M&A issues among insurers. Endurance unveiled a new workers compensation insurance product available to one of its divisions. Beazley just doubled ...
GM Wins Third Ignition-Switch Trial, Though Many Lawsuits Remain
General Motors Co.'s victory in a Houston courtroom Thursday makes the carmaker three for three in trials related to an ignition-switch defect, but its legal entanglements may stretch on for years. ...
London Financial Firms Doubful About Quick-Fix for Post-Brexit EU Access
Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage ...
Norwegian Insurer Nears First Sale of Industry’s Newest, Riskiest Bonds
Gjensidige Forsikring ASA is on track to become the first insurer to issue a new type of bond that will become the industry's riskiest debt. The Norwegian company may sell as much as 1 billion kroner ...
Italy Quakes Could Lead to Limited Insured Losses: RMS
Damage from the earthquake that struck central Italy on Aug. 24 and the subsequent aftershocks that followed is still being assessed. But RMS asserts that insurance losses will be limited because of ...
VW Agrees to Cover Dealers’ Diesel-Cheating Losses
Volkswagen AG agreed to pay 652 auto dealerships for their losses from the diesel-cheating scheme that's affected more than a half million cars in the U.S. The carmaker will buy back unfixable used ...
Executives On The Move at XL Catlin, Allied World, Marsh and More
XL Catlin named a new executive to help run its Asia Pacific region. Two divisions at Allied World filled important leadership slots. Marsh promoted one of its own to be U.S. HealthCare Practice ...