Commercial Lines
Travelers: $224M in Energy-Related Junk Bonds is ‘Manageable’
Travelers Cos., the lone property-casualty insurer in the Dow Jones Industrial Average, had about $224 million of energy-related bonds that were rated below investment grade as of Dec. 31. The ...
India’s Nuclear Power Plant Construction Plans Stirs Accident Liability Debate
It's a $182 billion question for India with no easy answer. That's the estimated amount the country plans to spend on nuclear power plants to meet Prime Minister Narendra Modi's pledge to provide ...
Travelers Enjoyed Underwriting Gains and a Profit Boost in Q4
The Travelers Companies Inc. on Jan. 22 reported net income of $1.038 billion for the fourth quarter that ended on Dec. 31, 2014, up 5 percent compared to $988 million net income during the 2013 ...
Travelers CEO Fishman, Facing Neuromuscular Condition, Reduces Outside Duties
Travelers Cos. Chief Executive Officer Jay Fishman is reducing his activities that aren't tied to the company after being diagnosed with a neuromuscular condition. "I have already begun to cut back ...
XL Group Expands in Texas
XL Group, a global insurance and reinsurance company, is expanding its operations in Texas. Specifically, the company said it is boosting global risk management, construction specialty and inland ...
More Transparency Expected as U.S. Regulators I.D. Risky Financial Firms
The top U.S. financial risk watchdog on Wednesday pledged more transparency in procedures it uses to designate firms as super-risky, a promise that followed a flood of criticism from insurers and ...
Willis Will Grab Majority Stake in Miller, Enabling Growth in Wholesale Market
Willis Group Holdings Plc, the third-largest insurance broker by market value, agreed to take a majority stake in Miller Insurance Services LLP to add shipping clients. Willis will take an 85 percent ...
Report: False Positive Cyber Security Alerts Adding Unnecessary Cost
It is common knowledge at this point that cyber attacks are increasing in their frequency, scope and cost to businesses around the world. But falsely positive cyber security alerts are also taking ...