Commercial Lines
Japan’s Insurers Pushing For Significant Hike in Quake Insurance Premiums
Japan's insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase ...
Genetic Markers May Fuel Next Wave of P/C Insurer Asbestos Reserve Hikes
Actuaries and casualty insurance company financial officers who are not tuned into the revolution occurring in molecular biology may be blindsided by the next influx of asbestos claims, according to ...
$2.2B Sirius Sale Leaves S&P, A.M. Best and Fitch Both Wary & Cautious
Plans for White Mountains Insurance Group to sell Sirius International Insurance Group for $2.2 billion to a Chinese investment firm drew negative or cautious reactions from Standard & Poor's, ...
Higher Premiums Push SCOR’s Q2 Profit Higher By Double Digits
SCOR SE, France's largest reinsurer, said second-quarter profit rose 26 percent as the stronger dollar helped push up premium growth. Net income climbed to 152 million euros ($168 million) from 121 ...
Berkshire Hathaway Specialty Insurance Debuts Professional Liability Coverage For U.S. Bankers
Berkshire Hathaway Specialty Insurance is rolling out professional liability insurance for bankers in the U.S. The new coverage, dubbed Professional First Bankers Professional Liability Insurance, ...
AXIS Sees Q2 Income Drop, Driven by Investment Declines & Marine Losses
AXIS Capital Holdings Ltd. said its net income dropped during the 2015 second quarter versus a year ago, becoming the latest carrier adversely affected, in part, by a drop in investment income. High ...
China-Linked Hackers That Hit U.S. Govt. Reportedly Breached United Airlines
The hackers who stole data on tens of millions of U.S. insurance holders and government employees in recent months breached another big target at around the same time -- United Airlines. United, the ...
Cash Will be King if Zurich Insurance Buys RSA
Zurich Insurance Group AG said any offer for RSA Insurance Group will probably be in cash. Wednesday's statement from Zurich means "there's a very high likelihood that it will come through with an ...