Commercial Lines
Ironshore Eyes ‘Strategic Growth Opportunities’ After Fosun Buys 20% Stake
China's Fosun International has completed plans to grab a 20 percent stake in Ironshore Inc., a billion-dollar insurance holding company led by former AIG executives. The Shanghai-based investment ...
Everest Re Hires Marsh Vet to Lead Division’s U.S. Insurance Operations
Everest Re Group brought in a Marsh & McLennan veteran to head the U.S. offices of one of its insurance arms. Jonathan Zaffino is now president of Everest National Insurance Company's U.S. ...
Low Interest Rates Threaten Insurer Success in Europe: A.M. Best
Insurers and reinsurers alike could see some adverse affects from financial and social instability in the European Union, A.M. Best said in a new report. Points of concern range from quantitative ...
Boston’s Rapid Winter Snowfall Edges Close to Record High
Boston has had more snow this year than Fairbanks, Alaska, which is 23.3 inches below normal for this time of year at 29.7. It outstrips Fargo, North Dakota, with 15 inches. Although, things could be ...
P/C Market Stable in 2015: Wells Fargo
The commercial property and casualty insurance market should remain stable and profitable in 2015, according to the Wells Fargo Insurance 2015 Insurance Market Outlook. Abundant market capacity and ...
P/C Industry Lobbyists Hope to Shape FAA’s Proposed Drone Regs
Two insurance industry trade associations expressed support for proposed regulations governing commercial drone use, calling them a good first step. Worries remain, however, about how the regulations ...
West Virginia Oil Train Derailment Threatens Drinking Water
U.S. regulators joined the investigation into a fiery CSX Corp. oil-train derailment in West Virginia that forced residents to flee their homes in frigid weather and threatened drinking water. The ...
QBE Selling Australian Agency Businesses to Steadfast
QBE announced on Monday that it has agreed to sell its Australian and New Zealand agency businesses to Steadfast Group Limited for A$290 million (roughly $225 million). The businesses include CHU ...