Commercial Lines
Lloyd’s Underwriters Find Success with U.S. Specialty Subsidiaries: SNL
Insurers Hiscox Ltd., Beazley Plc and Catlin Group Ltd. are reaping the benefits of the U.S. market, according to a report from SNL Financial. SNL data shows how the three companies with significant ...
Atrium Underwriting Is Lead War Insurer for Malaysia Air Jet
The Malaysia Airlines jet that was shot down over the eastern Ukraine amid a Russia-backed rebel insurgency was insured by Atrium Underwriting Group Ltd. in case of war, the company confirmed in an ...
Wildfire Lawsuit Plaintiffs Get Record Settlement from Aussie Electric Co.
Survivors of one of Australia's deadliest wildfires are to be awarded nearly 500 million Australian dollars in a class-action settlement reached last Tuesday, the largest such compensation in the ...
Integro Appoints New U.S. Leadership in Boston, New York
Insurance brokerage and risk management firm Integro appointed Ruth Kilduff as chairman and Anne Anderson as president of Integro USA. Both Kilduff and Anderson are Integro veterans. Kilduff leads ...
Insured Losses From Hurricane Arthur Will Not Exceed $250M: RMS
Insured losses from Hurricane Arthur—the first hurricane to make landfall in the U.S. since 2012's Hurricane Sandy—will not exceed $250 million from wind and coastal flooding, according to ...
Malaysia Airlines Plane Crash Insurance May Pose Quandary
Insurance on the Malaysian airliner brought down over Ukraine is likely to pay out relatively quickly if the cause of the crash is determined, but observers say settling insurance for the loss of 298 ...
Allianz Leads Reinsurance on $97.3M Jet Downed in Ukraine Crash
Allianz SE is the lead hull and liability reinsurer on a Malaysia Airlines passenger jet that was shot down over eastern Ukraine. The aircraft's value is about $97.3 million, London-based insurance ...
Senate Overwhelmingly Approves TRIA Renewal Bill
The U.S. Senate overwhelmingly approved a bipartisan bill that would renew the Terrorism Risk Insurance Act, even as the House struggles to schedule a floor vote for its version before the August ...