Markets
Canadian Pacific Railway Backs Shipper Insurance Requirment
Governments should require companies shipping crude oil by rail to carry enough liability insurance to make up for shortfalls in coverage carried by railways, the president of Canada's second-largest ...
Australia’s Wesfarmers to Sell Insurance Brokerage to Arthur J. Gallagher
Perth, Australia-based conglomerate Wesfarmers has agreed to sell the insurance brokerage and premium funding operations of its Insurance division to subsidiaries of U.S.-based broker Arthur J. ...
A.M. Best May be Next with Negative Outlook for Reinsurers
A.M. Best currently has a stable outlook on the global reinsurance industry, but that could change when the rating agency revisits the outlook at midyear, the firm said in a special report Friday. ...
AIG Challenges New York Regulator’s Authority Over Sales to Multinationals
American International Group Inc. sued to block New York's top financial regulator, Benjamin Lawsky, from fining it over marketing insurance overseas without a state license, claiming it would be ...Great American Acquiring Renewal Rights on Selective Insurance Public Entity Book
Great American Insurance Group announced Thursday that it completed a renewal rights agreement with Selective Insurance Company of America to acquire Selective's Self-Insured Group book of business. ...
Allen to Head Endurance International Professional Lines
Endurance Specialty Holdings Ltd. announced Thursday that Richard Allen, formerly a vice president at Axis Insurance Company, will join Endurance's London office to head its international ...
Hartford’s Outlook Now Positive, A.M. Best Says
Rating agency A.M. Best changed the outlook associated with the "A" financial strength rating of the members of the Hartford Insurance Pool to positive from stable Thursday, citing a reduced risk ...
Allianz Targets Energy Industry as Insurer Expands in Canada
Allianz SE, Europe's biggest insurer, is expanding in Canada, targeting protection for the energy and mining industries. The insurer plans to boost gross written premiums in the nation to C$500 ...