Specialty
Another M&A Deal: AXIS Acquiring DUAL NA XS Liability Biz
AXIS Capital announced that it has agreed to acquire the renewal rights to the excess liability business of DUAL North America ("DUAL"). DUAL is a specialty program administrator and part of DUAL ...
American Family to Acquire Bowhead Specialty in $1.2B Cash Deal
American Family Mutual Insurance Co. has agreed to buy all outstanding shares of specialty insurer Bowhead Specialty Holdings Inc. for about $1.2 billion in cash. Under the terms of the transaction, ...
Berry Producer Driscoll’s Sued Over Alleged Use of Forever Chemicals
The world's largest berry company will have to face a class-action lawsuit for supposed "greenwashing" after it allegedly failed to disclose the risk or use of pesticides containing what are known as ...
Insurer Interest in AI Exclusions Growing as Risk Becomes Omnipresent
It's no surprise given the penetration of artificial intelligence into lives and businesses that it appears insurers are gearing up to exclude AI risk in some of their commercial liability policies. ...
Deja Vu as Berkley Calls Out MGUs During Quarterly Call
W.R. Berkley's CEO wasted no time addressing the issue that has been stuck in his craw for at least a year. "We continue to have great concern around much of the MGU [managing general underwriter] ...
As Parasite Spawned Chaos, Taylor Farms Slow-Walked Response
The U.S. Food and Drug Administration had apologized, Taylor Farms said in a post on X. An agency lab test linking its produce to the country's worst cyclosporiasis outbreak in decades was a false ...
Leadership Change at Vantage: Former Arch Execs Grandisson, Gansberg to be Chair, CEO
Just over a month after Howard Hughes Holdings (HHH) completed its acquisition of Vantage Group Holdings, HHH has announced a leadership transition. Effective immediately, Marc Grandisson, the former ...
Deep Dive: Understanding Data Center Perils
An eastward shift in tornado alley is coinciding with the buildout of data centers in places like Northern Virginia, Texas, Illinois and Georgia, risk experts revealed during a recent reinsurance ...