Commercial Lines
Oct. 1 Credit Card Chip Deadline Moves Liability From Issuers to Merchants
The U.S. credit card industry and merchants face a deadline on Thursday to make progress with the transition to cards with chip technology, but less than half of consumers have the new cards in their ...
Lloyd’s Chairman Nelson Faults Businesses for Too Much Focus on Profit
Lloyd's of London Chairman John Nelson criticized the business community, saying companies are too focused on profit and are at risk of eroding the trust of the public and regulators. Nelson, ...
The Hanover Promotes/Adds New Execs to Run International Chaucer Arm
The Hanover Insurance Group promoted or brought in three new executives to help run Chaucer Syndicates Ltd., its international member company that underwrites various business at Lloyd's of London. ...
PartnerRe Shareholder Vote on $6.9B EXOR Acquisition Scheduled for Nov. 19
PartnerRe's shareholders are scheduled to vote on EXOR's planned $6.9 billion acquisition of the Bermuda-based reinsurer on Nov. 19. PartnerRe disclosed the planned shareholder meeting in a proxy ...
CEO of Willis Great Britain Calls for More Industry Diversity
Willis Great Britain CEO Nicolas Aubert issued a call to the insurance/reinsurance industry to embrace diversity. Challenging the status-quo, he said the industry needs to employ a truly meritocratic ...
Warren Buffett Reduces Holdings of Munich Re Shares
Berkshire Hathaway Inc. and National Indemnity Company stated their shareholdings in Munich Re have fallen below the threshold of 10 percent of voting rights — and now are at 9.7 percent. In an ...
S&P: Specialty Insurers Soar, Serve as Potential M&A Targets
Standard & Poor's sees a number of specialty insurers as potential takeover targets by both rival carriers and investors seeking to expand in the segment, thanks to stellar operating performance ...
Executives On The Move at Hamilton Insurance Group, Swiss Re, Aon Benfield and More
We have promotions and new hires to tell you about at Hamilton Insurance Group, Swiss Re, Aon Benfield and The Geneva Association: ** Hamilton Insurance Group has a new chief financial officer for ...