Markets
The Latest Launches From XL Catlin and The Hanover
XL Catlin updated one of its coverages offered within its North American Environmental Unit. The Hanover Insurance Group beefed up its Architects and Engineers Advantage professional liability ...
Chubb Promotes Furby, O’Donnell to Lead European Operations
Chubb is putting in place new leadership for its European operations after the retirement of a key executive. David Furby will be senior vice president, Chubb Group and regional president, European ...
Arch Capital Turns to Dublin for Post-Brexit EU HQ
Arch Capital Group Ltd. has picked Dublin for its post-Brexit European Union headquarters. The Bermuda-based specialty insurer and reinsurer said the new offices will help ensure continuity with its ...
Mexico Is Watching Out for Hurricane Bud
Parts of Mexico's Pacific coast, including the port city of Manzanillo, have been placed under a tropical storm watch with the eastern edge of Hurricane Bud potentially scraping the shoreline as it ...
A $42B Cryptocurrency Plunge Follows South Korean Hack Attack
The 2018 selloff in cryptocurrencies deepened, wiping out $42 billion of market value over the weekend and extending this year's slump in Bitcoin to more than 50 percent. Some observers pinned the ...
Executives On The Move at PURE and CNA
The PURE Group of Insurance Companies promoted two executives to lead its claims and risk management divisions. CNA appointed a former AIG executive to the newly created position of senior vice ...
Even With Few May Tornadoes, U.S. Storms Still Packed a Punch: Impact Forecasting
Fewer than 450 tornadoes were reported in the U.S. this year as of June 1 — an historic low going back to 1950 — but a handful of severe weather outbreaks still caused problems in May, according ...
Calif. Utility Risks Criminal Charges for Devastating Wildfires
Late Friday, California confirmed what many across the state's devastated wine country had suspected for months: Equipment owned by utility giant PG&E Corp. ignited some of the deadliest and most ...