Commercial Lines
Executives On the Move at AXA XL and BHSI
AXA XL hired two new senior underwriters for its Excess & Surplus casualty insurance arm. Berkshire Hathaway Specialty Insurance (BHSI) promoted one of its executives to be Head of Life Sciences ...
Facebook Faces $150M Class-Action Lawsuit From Rohingya Refugees Over Myanmar Violence
Rohingya refugees from Myanmar are suing Meta Platforms Inc, formerly known as Facebook, for $150 billion over allegations that the social media company did not take action against anti-Rohingya hate ...
As Ransomware Attacks Rise, U.S. Bank Regulator Urges Vigilance
A top U.S. banking regulator is cautioning firms to ensure they have robust policies to protect themselves from cyberattacks, saying it is seeing an uptick in ransomware attacks, it said in a report ...
Fitch Predicts Double-Digit Rate Increase for Property Cat Reinsurance in 2022
Fitch Ratings predicts reinsurance rates will increase by more than 10 percent in catastrophe-related lines of business for January 2022 renewals, which supports the improving sector outlook for ...
Sartain Named Head of Marsh Specialty for U.S. and Canada
Marsh named Michelle Sartain as head of Marsh Specialty for the U.S. and Canada. In this role, Sartain will oversee Marsh's aviation, construction, energy and power, credit specialties, financial and ...
La Nina, Stuck Jet Stream Blamed for Unusually Warm Weather
America's winter wonderland is starting out this season as anything but traditional. The calendar says December but for much of the country temperatures beckon for sandals. Umbrellas, if not arks, ...
Diversity a Big Part of Post-Pandemic Hiring: III Joint Industry Forum
Victor Terry has a simple tip for insurers hiring new, younger employees: They don't have any particular desire to fit in. "Gen X, which I am a part of, [has] learned how to figure out how to ...
IMF Official: Omicron COVID Variant Will Lead to Growth Downgrades
Global economic growth projections from the International Monetary Fund will likely be downgraded due to the emergence of the Omicron variant of the coronavirus, IMF Managing Director Kristalina ...