Commercial Lines
The Hanover Launches Business Cyber Attack Coverage; Q2 Net Income Soars
The Hanover Insurance Group is targeting small to mid-sized businesses with new coverage options designed to protect them from data breaches and cyber attacks. These are enhancements for business ...
Small Business Opportunities Hiding in Plain Sight
Sometimes, opportunities really do hide in plain sight. In 2007, I was running ACE's wholesale E&O and D&O business when I noticed that all the small accounts sat on the underwriter's floor, ...
Swiss Re CFO: With European M&A Rising, Insurers Shouldn’t Overreach
Europe's insurers need to think carefully before making acquisitions, Swiss Re Chief Financial Officer David Cole said. Stricter capital rules under Solvency II, which come into force next year, will ...
Executives On The Move at QBE, Arch Capital, Validus Re and More
We have a number of executive appoints to tell you about form Arch Insurance Group, Validus, QBE and Novarica: *** Arch Insurance Group named a Starr Companies executive and AIG veteran as a senior ...
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 ...