Commercial Lines
Newly Public Specialty Insurer James River May Be a Takeover Target
James River Group Holdings Ltd. could be a takeover target after hedge fund firm D.E. Shaw took the insurer public, according to an analyst at BMO Capital Markets. The insurer will probably post ...
TRIA Renewal Effort Begins Again With Republican-Led Congress
Twenty-eight trade groups representing the property/casualty industry and other businesses around the country are urging the U.S. House of Representatives to back a bill that would renew the ...
Berkshire Hathaway Specialty Adds Pollution Coverage
Berkshire Hathaway Specialty Insurance announced Tuesday that it is expanding its U.S. casualty underwriting capabilities to include pollution exposures and has named Chuck Hasselback to head its ...
Ebix Settles IRS Audit Pertaining to Past Acquisitions
Ebix said it has resolved an IRS audit regarding five years of tax returns, and will take a hit on 2014 fourth quarter net income as a result. The Georgia company, which offers software and ...
Sony CEO Lauded Employees and Others For Fighting ‘Extortionist’ Hackers
Sony Corp Chief Executive Officer Kazuo Hirai on Monday praised employees and partners of the company's Hollywood movie studio for standing up to "extortionist efforts" of hackers who attacked Sony ...
Year-End M&A Spurt Heralding Busy 2015 for Deals: Fitch
Six merger and acquisition announcements in the North American property/casualty insurance and reinsurance sectors in late 2014—and another global deal on the table—may herald a raft of deals in ...
CNA Pushes Into Canada With Specialty Coverage Options
CNA Financial Corp. is making a big push to grow its specialty lines business in Canada. The commercial insurer, which has Loews Corp. as a majority owner, said CNA Specialty will start accepting ...
The Hartford CEO Christopher Swift Adds ‘Chairman’ to His Title
Christopher Swift is now chairman of The Hartford Financial Services Group as well as its CEO. Swift became CEO in July and replaced Liam McGee, who stepped down from his position so he could focus ...