Commercial Lines
Guy Carpenter Unveils U.S. Healthcare and Life Specialty Practice
In the wake of the Affordable Care Act and its expanded healthcare coverage in the U.S., Guy Carpenter & Co. has reorganized and expanded its effort to cater to healthcare providers and insurers ...
PCI, III React to Climate Change Report Slamming Insurers
A report on the insurance industry released last Wednesday shows "a profound lack of preparedness in addressing climate-related risks and opportunities." Insurance industry representatives ...
Eight P/C Insurers, Reinsurers Get Top Marks for Managing Climate Risk
Munich Re and ACE Limited are among nine insurers that are best prepared to manage risks related to climate change, a lobbying group said last week, including one life insurer on the list. The ...
W.R. Berkley CEO Challenges ‘Moral Commitment’ of Reinsurance Rivals
With the property/casualty reinsurance market hammered by soft rates and heavy competition from new sources of capital, W.R. Berkley Corp.'s Chairman and CEO questioned the "moral commitment" of some ...
Allianz Global Corporate & Specialty Reorganizes to Support New Growth
Allianz Global Corporate & Specialty SE (AGCS) is reorganizing its regional management structure to accommodate new growth. In a related move, it is launching a new business line targeted to ...
Allied World to Realign Most of Its Operations
Allied World Assurance Co. Holdings announced a realignment of most of its operations, the same day it disclosed 2014 third quarter earnings that reflected gains in pricing but hits on income due to ...
$100B Mega-Loss Could Soften Market Further: Willis
In a market report predicting that property insurance rates will decline further while casualty rates are sliding down too, broker Willis suggests that a mega-loss event won't turn the market, but ...
Chubb Thrives in Q3 on Higher Premium Revenue
Chubb Corp., the insurer of corporate boards and mega-yachts, said quarterly profit rose 9.8 percent in the company's first increase of the year as premium revenue increased. Third-quarter net income ...