Specialty
New AIG CEO Andersen Talks Marketplace ‘Pass-Throughs,’ Opportunity
Eric Andersen, new CEO of American International Group (AIG), offered an in-depth view of the company during his first earnings call at the helm, referring to opportunities within current marketplace ...
Everest Agrees to Sell Mexico Insurance Ops to Fairfax Financial
Everest Group Ltd., the Bermuda-based specialty insurer and reinsurer, announced it has entered into a definitive agreement to sell its Mexico insurance operations – Compañía de Seguros Generales ...
When MGAs manage a high volume of insurance submissions, underwriting speed often depends on what happens before an underwriter ever...
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 ...