Commercial Lines
U.S. P/C Small Business Insurance Market Ripe for Consolidation: Conning
If heavy competition breeds consolidation, then property/casualty small business insurance is ripe for it in the coming years. Here's why: Both large and small insurers devote lots of attention to ...
AssureStart Expands Online Small Business Sales to Six More States
Online small business insurance provider AssureStart announced last week that it is now open for business in six additional states: Alabama, Georgia, Idaho, Maine, Nebraska and North Carolina. ...
HSBC Will Reimburse Turkey Customers Hurt by Cyber Attack
HSBC Holdings Plc's Turkish unit said it will reimburse customers if a cyber-attack that caused the leak of 2.7 million people's data leads to fraud. While the information "isn't sensitive enough to ...
PCI Recap: QBE NA CEO Sets Record Straight on Middle-Market Biz
The middle-market segment is a valuable component of the business of QBE North America, the chief executive officer said during a recent interview, putting to rest rumors that the segment is up for ...
Monsanto Resolves GMO Wheat-Related Farmer Lawsuits
Monsanto Co. said on Wednesday it reached a settlement with U.S. wheat farmers who sued the seed company over market disruption after unapproved genetically engineered wheat was discovered growing ...
Travelers CEO Discloses He Suffers From a ‘Neuromuscular Condition’
The Travelers Cos. Chairman and CEO Jay Fishman disclosed that he is suffering from a "neuromuscular condition" that might require a cane or other aids in the future to get around. At the same time, ...
Primary, Excess Layer D&O Pricing Still Moving in Opposite Directions: Aon
Overall price declines for directors and officers liability insurance programs of publicly traded companies continue to be driven by excess-layer price drops, Aon's Financial Services Group concluded ...
Willis Brings on AIG Exec to (Eventually) Run U.K. Insurance Arm
A veteran AIG executive is set to become the next CEO of Willis Group Holdings' U.K. insurance arm, but the transition process will be a gradual one. Nicholas Aubert has been named "chief executive ...