Markets
A Little Surety History: Zurich NA Marks 125th Anniversary
Maryland Gov. Larry Hogan honored Zurich North America last month by presenting a proclamation to commemorate the 125th Anniversary of Zurich Surety. Al Redmer, Jr., the insurance commissioner of ...
Eight Lloyd’s Syndicates Commit $400M Capacity to Fill Cat Protection Gap
Eight Lloyd's syndicates are joining forces to tackle the problem of underinsurance in emerging economies across Latin America, Africa, and Asia—committing capacity of $400 million towards ...
Zurich Exiting P/C Business in Middle East
Zurich Insurance Group Plc said it will stop writing general insurance business in the Middle East at the end of month because of the "limited potential" for profitable growth. The decision to exit ...
Climate Change Will Spur Future Sovereign Ratings Downgrades: S&P
Thailand's credit rating downgraded by two levels. Dominican Republic lowered one grade. These are not real news headlines yet, but could be, according to scenarios outlined by Standard & Poor's. ...
Pre-Climate Conference Report: Rate of Weather Disasters Doubled in 20 Years
Weather-related disasters such as floods and heatwaves have occurred almost daily in the past decade, almost twice as often as two decades ago, with Asia being the hardest hit region, a U.N. report ...
10 Straight Qtrs. of Commercial Rate Drops; Cyber Only Up Line: Marsh
Cyber insurance stood out in the third quarter as the only line for which insurers saw consistent and large rate increases, which averaged more than 15 percent in the United States, according to the ...
Cincinnati Financial Adds Commercial Lines Leaders; Exec Retirements Announced
Cincinnati Financial Corp. announced earlier this month that Stephen M. Spray, senior vice president, will transition to commercial insurance operations at Cincinnati Insurance effective Jan. 1, ...
WCRI Event to Explore ACA Case Shifting to Workers Comp
The Workers Compensation Research Institute is presenting a webinar early next month examining the impacts of the Affordable Care Act on the workers compensation line. Although pundits have written ...