Reinsurance
German Investors Sue VW for Record $9.2B in Emissions Scandal Fallout
Volkswagen AG faces Germany's biggest investor lawsuit as attorneys filed complaints totaling 8.2 billion euros ($9.2 billion) related to the diesel emissions scandal that wiped out a third of the ...
Hiscox Combines Cyber Risk/Professional Liability in New Hospital Coverage
Hiscox recently started marketing a combined cyber risk/professional liability coverage for hospitals. The product combines the services of its healthcare and cyber underwriters under the name ...
P/C Insurers’ Underwriting Losses Worsened in H1: A.M. Best
Catastrophes, lower favorable loss reserve development and challenging market conditions continued to pressure U.S. property/casualty insurers through the first half of the year, leading to an ...
New York, New Jersey Bomb Explosions Will Affect Future Terror Modeling: RMS
The Sept. 17-18 bomb explosions in New York and New Jersey will have implications for the modeling of terrorism risk due to a shift in tactics, according to an expert with catastrophe modeling firm ...
Executives On The Move at CNA, Neon and Beazley
CNA named a former Chubb executive to fill a leading executive role. Neon, backed by Great American Insurance Group, made a strategic hire. Beazley has a new aviation underwriter. *** CNA named a ...
XL Catlin CEO McGavick: Some P/C Industry Products Now ‘Shop-Worn’
The insurance/reinsurance industry needs to innovate and become more efficient. It is facing more risk, but premiums are declining. Some of its products have become shop-worn and less relevant. ...
The Latest Launches From Chubb and XL Catlin
Chubb came out with new coverage options for the clean tech industry. XL Catlin debuted an enhanced professional liability insurance policy form targeted to architects, engineers and design ...
AIG Unloads Stake in Lloyd’s Business; Strategic Relationship Remains
American International Group will sell off its 20 percent stake in the carrier's Lloyd's of London insurance operations – it's latest restructuring move. But the insurance giant will keep an ...