Markets
This Time, Bermuda Avoids Major Damage From a Hurricane
Cleanup crews in Bermuda were busy at work on Thursday after Hurricane Humberto grazed the island, which escaped major harm despite winds that reached around 100 miles per hour (161 kph) snapping ...
Lloyd’s Plans Miami Office to Back Growth in Latin America, Caribbean Markets
Lloyd's plans to set up an office in Miami to support business development in the Latin American and Caribbean markets. "Latin America is a key market for Lloyd's, with premium close to US$1.5 ...
Tesla Model 3 Scores Top Safety Rating
Tesla Inc's Model 3 electric sedan has earned the top safety rating from the Insurance Institute of Highway Safety (IIHS), becoming the first Tesla to do so. The IIHS has given the Model 3 its ...
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, ...