Markets
Dairy Consolidations Drive Merger in U.S. Midwest Broker Biz
Two traditional U.S. Midwest brokerages serving the dairy market are combining their businesses as the industry consolidates. Chicago-based Rice Dairy LLC and Commodity Risk Management Group of ...
MS Amlin Exits 9 Core Markets, Refocuses on 3
MS Amlin said it will be exiting nine non-core markets that no longer fit into its long-term strategy. Instead, the London-based insurer and reinsurer and MS&AD subsidiary will pursue a new ...
Carriers, Tech Firms Struggle to Keep Up With Cyber Risks: ITC Panel
Despite progress, carriers are still falling short in how they approach cyber insurance and also how they cover events when they happen. How can this be? The unique makeup of cyber risks is one of ...
Cape Analytics Rolls Out Geospatial Portfolio Monitoring Products
Cape Analytics is launching what it bills as the insurance industry's first geospatial portfolio monitoring products. They're intended to work together. Change Detection is designed to alert carriers ...
Executives On The Move at The Hartford, Willis Towers Watson, AXIS and Aspen
The Hartford appointed its latest chief information officer. Willis Towers Watson named a new global head of Broking within its Corporate Risk and Broking segment. AXIS Capital Holdings Limited has a ...
Lloyd’s of London Releases Blueprint to Create Super-Advanced Marketplace
Lloyd's of London has unveiled a blueprint for action to facilitate its Future at Lloyd's project, which aims to "build the most advanced insurance marketplace in the world." This first blueprint, ...
Switzerland’s Helvetia Expands Into Aviation Insurance Market
Helvetia Specialty Lines CH & International said it will begin writing aviation insurance in October. Plans call for Helvetia's aviation team to offer worldwide insurance coverage for passenger ...
Fairfax’s Watsa Gives ‘Mindboggling’ Takeover Testimony Leading to Shareholder Court Award
Canadian investor Prem Watsa was "purposely forgetful" and offered a "mindboggling" explanation in court testimony explaining why he backed a low-ball bid for a pulp mill in a sale to Resolute Forest ...