Markets
With TRIA Renewal Efforts Killed, Some Predict Market Chaos
Property/casualty insurance industry groups, business associations and observers alike were quick to condemn the death of TRIA renewal for 2014. Without federal terrorism reinsurance in place for ...
XL Group CEO Confirms M&A Talks with Rival Catlin
XL Group plc has confirmed that it is in preliminary discussions focused on potentially acquiring rival Catlin. If an M&A agreement comes together, it would be a major consolidation move in the ...
Former Sony Workers Suing Over Unprotected Personal Info
Sony Pictures Entertainment has been sued by two self-described former employees who accuse the movie studio of failing to protect Social Security numbers, healthcare records, salaries and other data ...
Argo to Snatch up OneBeacon’s Lawyers Professional Liability Business
OneBeacon Insurance Group Ltd. has sold the renewal rights to its lawyers professional liability business to Argo Group US, Inc., a member of Argo Group International Holdings Ltd. The transaction ...
TRIA Renewal Efforts Appear Dead for 2014
A U.S. program that backstops insurance companies' losses from acts of terrorism is set to end after the Senate didn't extend it. Efforts to reauthorize the Terrorism Risk Insurance Act for six years ...
Marsh’s Top 10 U.S. Casualty Trends for 2015
Marsh's U.S. Casualty Practice sees a number of new insurance trends shaping the market in 2015, including a softening market, new capacity, and the greater use of data to enhance underwriting. Marsh ...
Spencer Re Hires Zurich Insurance Vet as New Leader
Spencer Re, a reinsurance firm focused on products predictable in nature, has brought on a veteran Zurich Insurance Group executive as its new CEO. Tina Youngblood Mallie, also vice chair of Spencer ...
Families of Sandy Hook Victims Sue Gunmaker, Seller
The families of nine of the 26 people killed and a teacher injured two years ago at the Sandy Hook Elementary School filed a lawsuit against the manufacturer, distributor and seller of the rifle used ...