Commercial Lines
Munich Re to Snatch Up Australian Commercial Underwriter
Munich Re will team up with an Australian broker network to snatch up a commercial underwriter in that country and much of its business. The transaction is a bit complex. Munich Re, in its ...
Ex-AIG CEO’s $25B Bailout Lawsuit to Move Forward
A federal judge has rejected the United States' bid to dismiss a more than $25 billion lawsuit filed by Maurice "Hank" Greenberg, the former chief executive of American International Group, over the ...
WSI’s 2014 Storm Forecast Becomes (Slightly) Milder
Weather Services International has reduced the number of storms it is predicting for the 2014 Atlantic hurricane season, in a period that has already been slower than past years with extreme weather ...
Allianz Pushes Into Peru With Reinsurance Expansion
Allianz Group is expanding its industrial and corporate reinsurance business into Peru, a move the German company said reflects its continued focus on growth in emerging markets around the world. ...
German Insurers May Cover Country’s Infrastructure Funding Shortfall
Germany's insurers said they may back a government call to invest in infrastructure to help cover an annual 7 billion-euro ($9 billion) taxpayer shortfall to repair roads and bridges. The GDV, the ...
Post-Quake Napa Rushes to Deal With Damage
Wineries and hospitality businesses in and around Napa, California, near the epicenter of the worst earthquake to hit the area in 25 years, rushed to clean up rubble and broken glass ahead of the ...
Double-Digit Growth Rests on Pillars of Stability, Says CinFin CEO Johnston
Unless you work in one of the 1,467 select agencies that currently do business with Cincinnati Financial, you may not know that all of the carrier's field representatives work from their homes, right ...
Tropical Storm Cristobal Veers Away From U.S.
Tropical Storm Cristobal slowly moved north in the Atlantic, dumping heavy rain on the Bahamas and Turks and Caicos islands on a track away from the U.S., the National Hurricane Center said. ...