Commercial Lines
It’s an Insurance Buyer’s Market For Now: Willis
Due in part to reduced catastrophe losses and the increased supply of capital, property/casualty insurance buyers can expect to face friendly market conditions on most lines of business for the ...
GM Car Owners Still Pursuing $7.5B in Ignition Switch Liability Case
General Motors Co. car owners will still seek $7.5 billion for the diminished value of recalled vehicles, despite a ruling that largely freed the automaker from liability for wrongdoing before its ...
EXOR Avoids Hedge Fund Approach in $6.4B PartnerRe Bid
The Agnelli family's EXOR SpA, known for investments in cars and soccer, is dismissing the prevailing reinsurance strategies as it seeks to push into the industry with a $6.4 billion takeover. EXOR ...
TigerRisk Brings on Willis Vet Ursano as New President
TigerRisk Partners is bringing on a veteran Willis cat bond executive as its new president. The Connecticut-based reinsurance broking and risk/capital management firm said it has appointed Tony ...
Ex-AIG Head Loses Bid to Dismiss Fraud Lawsuit
A New York state appeals court rejected former American International Group Inc Chairman Maurice "Hank" Greenberg's bid to dismiss a lawsuit accusing him of orchestrating an accounting fraud at the ...
AIG is Getting a New Non-Executive Chairman
American International Group is getting a new non-executive chairman of the board. Douglas Steenland will succeed Robert S. "Steve" Miller as non-executive chairman of AIG's board of directors as of ...
Ironshore Boosts Global Property Energy Capacity As Sector Competition Soars
Ironshore's global property energy division boosted its capacity limits from $25 million to up to $35 million, even as the sector faces increasing competition in the face of plunging oil prices. ...
Guy Carpenter Launches Next-Gen Canada Flood Model
Guy Carpenter launched its G-CAT Canada Flood Model, which it describes as the first ever probabilistic model for Canada that enables insurers to assess their exposure to flood, Canada's most ...