Commercial Lines
Samsung Fire & Marine Will Underwrite Canopius U.S. Admitted Specialty Lines
Canopius Group, a global specialty (re)insurer, announced an agreement with Samsung Fire and Marine Insurance (SFMI), its substantial minority shareholder and business partner, to underwrite U.S. ...
SCOTUS Refuses to Hear Volkswagen Appeals Over Emissions Tampering Lawsuits
The U.S. Supreme Court on Monday rejected Volkswagen AG's bid to avoid lawsuits filed by officials in three states seeking damages stemming from the German automaker's diesel emissions cheating ...
Argo Group Will Sell U.S. Specialty Property Renewal Rights to Westfield Insurance
Specialty insurer Argo Group International Holdings has agreed to sell the renewal rights of its U.S. specialty property business to Westfield Insurance of Ohio. This transaction includes Argo's ...
The Latest Launches From BHSI and American Family/Bold Penguin
Berkshire Hathaway Specialty Insurance Launched two new D&O products in Germany. American Family-owned Bold Penguin debuted two new artificial intelligence-related products designed to help ...
Executives On The Move at AXIS, Willis Towers Watson and The Geneva Association
AXIS Capital Holdings appointed two executives to leadership positions within its ILS division. Willis Towers Watson a new Global Head of Broking and Broking Strategy. The Geneva Association chose a ...
Major European Reinsurers Report Strong 2021 Earnings to Date, Despite High Catastrophe Losses
All four major European reinsurers reported a strong improvement in earnings for the nine months, compared to the same period last year, according to a report from Fitch Ratings. Sharply lower ...
Insurers Plan to Boost Their Private Market Investments: BlackRock
Insurers plan to increase their allocations to private markets to 14% from 11% over the next two years in the hunt for yield, as they add more money to environmentally focused investment funds, ...
The Hartford and Neptune Flood Launch New Climate Change Initiatives
The Hartford will invest $2.5 billion over the next five years in technologies, companies and funds advancing the transition to renewable energy and addressing climate change. Neptune Flood said it ...