Specialty
An Increase in Identity Theft, Cybercrime Predicted in 2025
The forecast for identity theft scams and cybercrime in 2025 is bleak, according to the Identity Theft Resource Center (ITRC). It's anticipated there will be reduced support for victims and less law ...
Andrade Leaving Everest for USAA; Williamson Named Acting CEO
Juan C. Andrade is USAA's new president and chief executive officer, said the insurance provider to millions of active military, veterans, and their families. Andrade will assume the role on April 2 ...
Lloyd’s CEO Neal Appointed Aon CEO of Reinsurance, Chair of Climate Solutions
Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions, effective following the conclusion of Neal's notice period at Lloyd's ...
E&S Market Sees 21% Compound Growth Within Past 5 Years: Conning
Excess and surplus (E&S) lines of insurance have experienced unprecedented growth, realizing 21 percent compound annual growth rate over the past five years and surpassing $104 billion in ...
Study: Widening Gap Between Cyber Attack Causes, Public Perception
A new study from Hive Systems, a global provider of cybersecurity services and products, finds that the public and media are misaligned when it comes to actual cybersecurity risks, leaving ...
Eyeing Specialty Focus, AXIS Transfers $2.3B of Re Reserves to Enstar
AXIS Capital Holdings Limited and Enstar Group Limited announced that they have entered into a loss portfolio transfer reinsurance agreement under which AXIS will retrocede $2.3 billion of ...
Soft Market Ahead? The Role of Digital Transformation for E&S Insurers
The insurance market is shifting quickly, with new risks, technology and challenges to manage. For E&S carriers, this has created unique opportunities as hard market conditions persist. Limited ...
Commercial Lines Profit Growth: Execution Matters More Than Portfolio Mix
It is "how" commercial lines carriers execute their underwriting strategies, not "what" lines they write that is key to profitable growth for top performers, according to new research from McKinsey. ...