Commercial Lines
Ahead of Merger Vote, PartnerRe & AXIS Release Preliminary Q2 Numbers
PartnerRe and AXIS Capital Holdings Ltd. won't be holding their merger shareholder vote until August 7. In the meanwhile, they've released preliminary 2015 second-quarter results, underscoring the ...
AIR Worldwide Unveils Winter Storm, Tropical Cyclone Models for Canada
Catastrophe risk modeler AIR Worldwide has expanded its suite of models for Canada with the release of Winter Storm and Tropical Cyclone models. In addition, comprehensive updates have been made to ...
Munich Re: Global Insured Cat Losses in H1 Land Below Long-Term Average
Overall losses and insured losses from natural catastrophes during the first half of 2015 were below long-term average values, according to a review of global natural catastrophes issued by Munich ...
Farmers Reports Steep Price Tag For Late June Storm Damage Claims
Farmers Insurance said it expects to receive nearly 7,000 claims from hail, strong wind and other severe weather events that hit 14 states in late June. The price tag won't be cheap. Farmers said it ...
Warren Buffett Could Gain From Efforts to Weaken New Train Safety Rule
Billionaire investor Warren Buffett is set to be a chief beneficiary of a bid by Senate Republicans to weaken new regulations to improve train safety in the $2.8 billion crude-by-rail industry, a key ...
ACE Group Launches Luxury Retailer Coverage For Wedding Dress Delivery Snafus
ACE Group is targeting international retail and luxury goods retailers with new specialized insurance coverage that addresses everything from wedding dress delivery snafus to fallout from product ...
W.R. Berkley Launches Specialty Arm Focused on Construction Professional Liability
W.R. Berkley Corp. is launching Berkley Construction Professional Liability Underwriters, yet another expansion of its specialty coverage offerings. The new unit will offer professional liability, ...
Guy Carpenter Division Places First Cat Bond For China Perils
GC Securities said it has placed a newly formed catastrophe bond shelf program with China Re - the first of its kind to benefit Chinese insurers/reinsurers and perils. The announcement of the Guy ...