Commercial Lines
Hiscox: Fraud Risks Prevalent at Professional Services and Small Businesses
It turns out that mid size companies in the professional services and financial industries, and small businesses overall, are particularly vulnerable to white collar crime in the U.S., Hiscox ...
New Capital Rules Poised to Transform Kenya’s Insurance Industry
A push by Kenyan regulators to clean up the East African country's insurance industry is poised to trigger stake sales or exits by underwriters unable to meet the new capital requirements, according ...
GM Loses U.S. Appeals Court Bid for Ignition-Switch Lawsuit Shield
General Motors' 2009 bankruptcy does not shield it from lawsuits over a deadly ignition-switch defect that led to criminal charges against the automaker and prompted the recall of 2.6 million ...
N.J. Using $200M in Breaks to Lure Insurance, Tech and Financial Firms
New Jersey is offering almost $200 million in incentives over 10 years to insurance, technology and financial companies to operate across the Hudson River from Manhattan. One applicant, Ernst & ...
Q1 Troubles: Catastrophe Losses Knocked Net Income Down 26.6 Percent
Severe weather and the hefty insured losses that followed helped produce a 26.6 percent plunge in U.S. property/casualty insurers' net income during the 2016 first quarter, a new industry study has ...
XL Group, Chubb and More Reveal High Q2 Cat Loss Estimates
Canadian wildfires, European floods, Japan and Ecuador earthquakes and U.S. hailstorms over the spring were dramatic enough at the time. Now, the damage these events left behind are leading a number ...
Executives On The Move at XL Catlin, Starr Companies and More
XL Catlin promoted an executive to lead its specialty reinsurance arm in London. A Chubb and OneBeacon veteran joined ID Experts, an identity protection software company, in a leadership role. Starr ...
Bermuda Insurance Industry Poised for Double-Digit Growth Through 2019
The Bermuda insurance industry is projected to grow at a steady pace as a result of new regulations and consistent growth in external business, such as offshore and captive, according to a new report ...