Markets
The Challenges Go On for U.S. Commercial Auto in 2019: A.M. Best
Expect U.S. commercial auto insurance to improve somewhat in 2019 even as A.M. Best maintains its negative outlook for the sector over the next year. That split forecast stems from commercial auto ...
Executives On The Move at Sompo International and AXA XL
Sompo International promoted a long-time executive in a branch of its commercial property/casualty business. A long-time executive affiliated with AXA XL is stepping down from one of its divisions to ...
More Brexit Chaos as UK Parliament Rejects Four Alternative Plans
Britain was no nearer to resolving the chaos surrounding its departure from the European Union after parliament failed on Monday to find a majority of its own for any alternative to Prime Minister ...
Ex-Wells Fargo Official to Join AIG in Security Leadership Role; Three Nominated to Board
American International Group, Inc. hired a former Wells Fargo & Company executive and government security official in a leadership role, and separately nominated three new board members. Rich ...
Marsh & McLennan Closes $5.6B JLT Acquisition
Marsh & McLennan Cos. (MMC) completed its $5.6 billion acquisition of Jardine Lloyd Thompson Group plc (JLT). "Today marks the beginning of a new era with Marsh & McLennan and JLT coming ...
Ethiopian Airlines Crash Could Become Largest Non-War Aviation Reinsurance Claim on Record: Willis Re
Liability claims related to the Ethiopian Airlines crash and the grounding of Boeing 737 MAX 8 aircraft could be the largest non-war aviation reinsurance claim on record, hitting reinsurers' ...
Extreme Weather Makes Weather Trackers Valuable to Insurers, Banks, Commodity Traders
Every uptick in wind speed along the Gulf of Mexico shoreline is of enormous interest to Mike Eilts. The senior vice president for weather at DTN, a Minnesota-based analytics firm, knows that an ...
Two Arch Capital Subsidiaries Finalize Post-Brexit Plans
Some subsidiaries of Arch Capital Group have finalized some changes to the European operations as part of the company's broader Brexit plans. Arch Insurance EU (formerly Arch Mortgage Insurance), won ...