Markets
Executives On The Move at Chubb, Allied World, Lockton and More
Allied World brought on two former AIG executives to help run operations in Asia. Chubb named a new executive to lead its Real Estate & Hospitality Industry practice, after the previous executive ...
Drone Makers Shift to Commercial Uses as Consumer Market Crashes
The fledgling drone industry is in the throes of change as weak consumer demand and falling prices drive startups to shift their focus to specialized business applications. 3D Robotics, an early ...
The Latest Launches From BHSI and Everest Insurance
Berkshire Hathaway Specialty Insurance added new employment practices liability coverage. Everest Insurance expanded its environmental coverage offering. *** Berkshire Hathaway Specialty Insurance is ...
Marsh Acquiring UK Broker Bluefin from AXA
Global broker Marsh announced on Monday that it has reached agreement with AXA Group to acquire Bluefin Insurance Group Limited, a subsidiary of AXA UK plc. Although Bluefin had been backed by AXA UK ...
Argo Group Buying Ariel Re for $235M
Argo Group International Holdings, Ltd., announcing its first major acquisition in eight years, said it will buy Ariel Re for roughly $235 million cash in a deal that could make it a top 10 market at ...
Metromile, CoverHound Partnership Announced
CoverHound, an online insurance agency, and Metromile, a pay-per-mile auto insurance provider, announced Monday that they are teaming up to provide more coverage options for customers of both ...
The Third-Party Capital Juggernaut Continues Unabated: Standard & Poor’s
Perhaps the good news for U.S. property catastrophe reinsurers is this: the influx of third-party capital to their sector has slowed. The reality remains, however, that its growth continues to ...
Hannover Re Soars Toward a Possible $1B Profit for 2016
German reinsurer Hannover Re could make a net profit of 1 billion euros ($1.1 billion) this year while the dividend payout is likely to be in line with last year, the firm's chief financial officer ...