Markets
Fire and Hail Forcing Insurers to Rethink Climate Change Risks
By the time David Kaisel got back from selling his flour at a farmers' market, a wildfire in California's Capay Valley had burnt both his tractor and the shipping container where he kept some tools. ...
Here’s How Aon’s New Reinsurance Auction Works
The broker Aon plc has launched an auction capability for the Jan. 1, 2020 reinsurance renewals. The auction is designed to provide additional options for insurer clients by reducing the time frame ...
Executives On The Move at Octo Group, BHSI, QBE North America and Alliant
Telematics firm Octo Group appointed a new CEO. Berkshire Hathaway Specialty Insurance expanded its leadership team in France. QBE North America named a new head of Surety. Alliant hired a new ...
Generali Rolls Out Specialty Insurance Arm in U.S.
The U.S. branch of Italy's Generali Group has launched a Specialty Insurance Division, which will focus on providing warranty products and services. Generali U.S. Branch said the division will ...
Selective Establishes Student Loan Repayment Program for Staff and Potential Hires
Selective Insurance Company has started offering a student loan repayment program to both employees and potential hires. The program is being handled through Selective Insurance Company of America, ...
Execs Tasked With Cyber Risk Management Spend Little Time on Task: Marsh
A majority of busy board members and senior executives who are responsible for their organization's cyber risk management spent less than a day in the last year focusing on cyber risk issues, ...
Lloyd’s of London Prepares for ‘Sobering’ Results From Workplace Culture Survey
Lloyd's of London expects "sobering" results from a survey of the workplace culture at its member firms, the insurance market's chairman said on Wednesday as a rise in investment income drove a ...
U.S. Private Flood Insurance: The Journey to Build a New Market
Not long ago, private flood insurance was thought to be an impossible dream in the property/casualty sector. There were numerous arguments supporting the common wisdom that a meaningful market for ...