Commercial Lines
Surplus Lines Posts Record-Breaking Year for 2014
The surplus lines industry broke records in 2014, growing direct premium written in 2014 to $40.2 billion—the highest point in history, reports A.M. Best's "2014 Special Report U.S. Surplus ...
Busting Myths About Underwriting Technology
Cutting your hair makes it grow faster. Thomas Edison invented the light bulb. Humans use only 10 percent of their brains. Most people assume those statements to be correct because they are so often ...
For Lloyd’s of London, Heavy Competition Produced H1 Pretax Profit Plunge
Lloyd's of London insurance market posted a 28 percent drop in first-half pretax profit on Thursday and said pricing remained tough in a competitive market. The insurance and reinsurance markets have ...
AIG, QBE, Allianz Vets Hired to Launch BHSI’s Construction Insurance in Australia
Berkshire Hathaway Specialty Insurance Co. is diving into the construction insurance market in Australia, and it has hired veterans of Munich Re, AIG, QBE and Allianz to help run it. BHSI is now ...
Amlin’s Pending Acquisition Puts Spotlight on 4 Remaining Publicly Traded Lloyd’s Insurers
Amlin Plc's $5.3 billion takeover by a Japanese competitor has put the remaining four publicly traded Lloyd's of London insurers in the spotlight for a possible takeover. Beazley Plc, Hiscox Ltd., ...
Autonomous Cars (and Their Hacking Risks) Move Insurance Liability to Manufacturers
Hacker attacks or faulty software could shift the burden of legal and regulatory liability toward makers of self-driving cars and away from customers, experts say, forcing regulators and insurers to ...
ACE Fleshes Out Post-Chubb Merger North American Executive Team
ACE Ltd. has fleshed out the leadership team for its post-merger North America business units and major product lines. The crew set to take charge once ACE's $28.3 billion acquisition of The Chubb ...
PartnerRe Names President; Acquirer EXOR Approves
PartnerRe, in the process of being acquired by the Italian investment firm EXOR, has had an interim leader for months. The Bermuda-based reinsurer has finally addressed this, naming a new president ...