Commercial Lines
The Hanover’s Diversification Earns a Standard & Poor’s Ratings Upgrade
The Hanover Insurance Group got a ratings upgrade from Standard & Poor's, which cited continued strategies at the Massachusetts-based insurer designed to reduce risk and improve its bottom line. ...
Ex-AIG Chairman Greenberg Remains Defiant as Fraud Trial Ramps Up
Ex-American International Group Inc. Chairman Maurice "Hank" Greenberg said New York State's pursuit of him through a decade-old fraud lawsuit is a futile waste of taxpayer money, as the two sides ...
Canopius Brings on Ironshore Vet to Lead U.S. Direct Property Growth
Canopius Group Ltd., a global specialty reinsurer, is pursuing U.S. expansion in the direct property sector, and it brought on an Ironshore veteran to get the job done. The company, owned by Japanese ...
China Urged By U.S. Businesses to Delay New Cybersecurity Regs
U.S. business lobbies have called for "urgent discussions" with the Chinese government over new cybersecurity regulations that would force technology vendors to Chinese banks to hand over secret ...
CNA Advances Two Executives in Underwriting and Sales
CNA Financial Corporation has promoted two executives to new positions in underwriting and sales. The country's seventh largest commercial insurance writer (and 13th largest property/casualty ...
ACE CEO Greenberg: ‘We Are Looking Pretty Good’ Despite Strong Dollar
ACE Ltd. is in a position to be bullish about the vast majority of its 2014 fourth quarter results. The property/casualty insurance giant booked a sizable jump in underwriting income, growth in net ...
Judge: Las Vegas Exec and Company Must Fork Over $584M For Ponzi Scheme
A Las Vegas executive and his company were ordered by a federal judge to pay $584.4 million for running what the U.S. Securities and Exchange Commission called a Ponzi scheme that bilked thousands of ...
Post-Blizzard, Costs Are Mounting as New England Digs Out
Millions in the U.S. Northeast on Wednesday started digging out from a powerful blizzard that dumped up to 3 feet of snow and led to coastal flooding around parts the region, while largely bypassing ...