Commercial Lines
Orlando Victims See Sandy Hook Case as Gunmaker Lawsuit Template
A case in Connecticut state court could help victims from mass shootings -- including the recent massacre in Orlando -- sue manufacturers of military style assault rifles used in the attacks, despite ...
American Family Wants to Go Mutual Holding Company Route
American Family Insurance plans to become a mutual holding company. The change would, in part, strengthen its ability to make acquisitions or pursue M&A transactions with other mutual insurance ...
Allianz Grabs Zurich’s Moroccan Division for $275M
Allianz Group plans to pay more than $275 million for Zurich Insurance's Moroccan subsidiary. The deal for Zurich Assurances Maroc is expected to close at the end of 2016, pending regulatory ...
Insurers: Ignore the FinTech Revolution at Your Long-Term Peril
While 90 percent of insurers fear they will lose business to a FinTech start-up, only 43 percent say they have put FinTech at the heart of their corporate strategies, according to report published by ...
Allianz’s PIMCO Plans Job Cuts After Asset Drop
Pacific Investment Management Co. plans to cut its workforce by 68 people, or about 3 percent, and offer buyouts as assets under management have fallen since the September 2014 departure of Bill ...
Berkshire Hathaway Specialty Insurance Branches Out Into Germany
Berkshire Hathaway Specialty Insurance is branching out into Germany as part of a broader European expansion. Veteran executives from Aon, Allianz and elsewhere will help lead it. BHSI's new ...
Ex-Morgan Stanley Banker/M&A Pro Joins W.R. Berkley in Strategy Role
W.R. Berkley Corp., the Greenwich, Connecticut-based commercial insurer, named former Morgan Stanley investment banker Jared Abbey as senior vice president for corporate strategy and development. ...
Zika Risk May Trigger Limited Insurance Coverage for Sporting Events
Continued Zika virus warnings may dampen summer sporting events such as the Rio de Janeiro-hosted Summer Olympics in August, as insurers weigh the risk of insuring such events in the midst of another ...