Commercial Lines
Insurers Liable For Little of $2B Nepal Quake Cost
Damage in India could cost an additional $800 million, according to figures from the disaster-modeling firm that include property damage and long-term business-interruption costs. Less than 1 percent ...
RMS, AIR Worldwide Tally Catastrophic Damages From Nepal Earthquake
RMS and AIR Worldwide have issued early damage assessments from the catastrophic Nepal earthquake on April 25, pointing to huge fatalities and historic levels of damage to property and the economy. ...
Nepal Quake Kills Thousands; Hopes For Finding Survivors Fade
Hopes for finding survivors trapped under rubble began to fade 48 hours after Nepal's worst earthquake in decades even as rescuers ferried scores of climbers trapped on Mount Everest to safety. ...
Chubb’s CIO: ‘Innovation is a Muscle’ That Must Be Trained
For those of you who missed it, Carrier Management interviewed Chubb Chief Innovation Officer Jon Bidwell during an April 22 Twitter chat focusing on Bidwell's thoughts on innovation and how to spark ...
Catastrophe Losses Dented Chubb’s Q1 Net Income
Severe U.S. winter weather left Chubb Corp. with higher catastrophe expenses in its 2015 first quarter, a major factor that dampened net income. But CEO John Finnegan framed the overall results as ...
Munich Re’s Hartford Steam Boiler Invests in ‘Internet of Things’ Tech Startup
Munich Re's Hartford Steam Boiler made a seed stage investment in Waygum, a technology startup focused on building a mobile app platform for the Industrial Internet of Things. HSB isn't disclosing ...
AIG Expands in Bulgaria With Debut of New Support Center
American International Group continued its expansion in Central Europe with the opening of a new support facility in Bulgaria. The new Shared Services Center is designed to support AIG's insurance ...
Beating the M&A Trend, Aspen is Thriving (So Far) On Its Own
As consolidation in the reinsurance industry accelerates, Aspen Insurance Holdings Ltd. offers a study in contrasts. The Bermuda-based insurer and reinsurer fought off an aggressive takeover bid ...