Commercial Lines
Philadelphia Insurance Acquires New York Accident & Health MGA
Philadelphia Insurance Companies is acquiring a managing general agent for group accident & health insurance, a deal that gives it new platform from which to sell its core offerings. The ...
New Texas Flood Threat Looms; Tropical Storm Carlos Growls in Pacific
As Tropical Storm Carlos churns in the Pacific, threatening Mexico's coast, the Atlantic's second storm of the year may be developing over the Yucatan Peninsula, with the potential to reach Texas and ...
Marsh Sees Directors and Officers Risking Cyber Attack Liability
Directors and officers need to be certain of their responsibilities relating to the prevention or management of a cyber event, or else they run the risk of being held personally liable should an ...
Standard & Poor’s: U.S. Insurers Responding Cautiously to Soaring Cyber Coverage Demand
Standard & Poor's predicts a major jump in demand for cyber insurance in the coming years, with interest initially outstripping supply. U.S. insurers will respond gradually, however, entering the ...
Willis Expands in Asia With Taiwan Acquisition
Willis Group Holdings Plc will snatch up a broker in Taiwan, nearly doubling the size of its existing business in the country. Acquiring Elite Risk Services Limited of Taiwan will also give Willis ...
Zurich Names Its Head of Alternative Investments as CIO
Zurich Insurance Group AG, Switzerland's biggest insurer, appointed Urban Angehrn chief investment officer in a management reshuffle. Angehrn, head of alternative investments, replaces Cecilia Reyes, ...
AIG Narrows Focus With Deal to Sell Taiwan Consumer Insurer
American International Group Inc., the largest commercial insurer in the U.S. and Canada, agreed to sell a consumer operation in Taiwan as Chief Executive Officer Peter Hancock narrows the company's ...
Swiss Re Begins Singapore-Based Big Data Risk Reduction Initiative
Swiss Re will collaborate with four schools within the National University of Singapore on risk-reduction projects involving big data, business analytics and information technologies. Plans call for ...