Commercial Lines
XL Catlin’s McGavick on Innovation
This article is part of our insurance innovators interview series. Mike McGavick, Chief Executive Officer, XL Catlin Q1: In your view, what has been the greatest innovation in the P/C insurance ...
EXOR Will Urge PartnerRe Shareholders to Reject AXIS Merger
EXOR lost its bid in a Bermuda court to obtain PartnerRe's non-public ownership details, losing access to information that would help it lobby shareholders directly about its $6.8 billion all-cash ...
Marsh: P/C Carriers Keeping Up With Soaring Interest in Commercial Drones
Property/casualty insurers have responded positively to the soaring interest in and use of commercial drones, even as global regulators struggle to keep up with the nascent industry, Marsh asserted ...
U.S. Storms Caused $1B in May Insurance Claims: Impact Forecasting
A number of severe thunderstorms and flooding in the U.S. in May produced more than $1 billion in insurance claims and over $3 billion in economic losses, Aon Benfield's Impact Forecasting said in a ...
Executives On The Move at W.R. Berkley, JLT Re, Ironshore and More
W.R. Berkley Corp. promoted three long-time executives at the company to the offices of executive vice president. Eugene Ballard, who has been with Berkley since 1999, has previously served as senior ...
Emotional Amtrak CEO Pledges to Implement Track Safety Tech
An emotional Amtrak CEO pledged to lawmakers Tuesday that safety technology that could have prevented a deadly derailment last month in Philadelphia will be put into operation, while Democrats and ...
AIG Reels in $3.7B From Expanded AerCap Public Offering
American International Group Inc., the largest commercial insurer in the U.S. and Canada, raised $3.7 billion in cash by selling AerCap Holdings NV stock in a larger- than-planned transaction. AIG ...
Outgoing Flood Insurance Program Director Blasts Inefficiencies
The outgoing director of the National Flood Insurance Program (NFIP) says the program is a "melting iceberg" that is incapable of properly managing its various players including the private insurance ...