Commercial Lines
Strong El Nino Could Prevent Relief from Smoke Haze Choking Asia
The choking haze that has blown across Southeast Asia from burning rain forests in Indonesia may get worse and last several more weeks as an unusually strong El Nino keeps away seasonal rain that ...
Q3 Property Cat Bond Issuance Hit $700M: Verisk
Nearly $700 million in property cat bond issuance took place during Q3 2015, a number considered relatively light compared to past years, noted a new report from the Property Claim Services unit of ...
Executives on the Move at Liberty Mutual, Validus Re, Willis and More
We have new hires and promotions to tell you about at Liberty Mutual, Validus Re, Willis and Markel International: ** Liberty Mutual Insurance has a new executive vice president and general manager ...
FAA May Ban Rechargeable Lithium Battery Cargo From Passenger Airlines
The risk of unstoppable fires is prompting U.S. officials to back a proposed international ban on rechargeable lithium battery shipments as cargo on passenger airlines. "We believe the risk is ...
Personal Property Premium Growth Outpacing Commercial: Finaccord Survey
The global property insurance market reached $360.5 billion in gross written premiums as of the end of 2014, according to a new Finaccord survey. And personal property premiums are outpacing ...
Towers Watson Shareholder Group Reportedly Wants Better Willis Merger Terms
Stakeholders who own millions of shares in Towers Watson & Co. are planning to vote against the firm's $8.7 billion merger with Willis Group Holdings Plc if the terms of the transactions are not ...
China Re Will Sell Half of $2B IPO to Cornerstone Investors
China Reinsurance Group Corp., the nation's biggest reinsurer, will sell about half of its as much as $2 billion Hong Kong initial public offering to cornerstone investors. U.S.-based Prudential ...
U.S. Judge Signs Off on Settlement in Canadian Oil-by-Rail Disaster
A U.S. bankruptcy judge on Friday approved a settlement that clears the way for payments to victims of Canada's Lac-Megantic crude-by-rail derailment, according to the trustee for the insolvent ...