Specialty
Is a ‘Class of 2020’ Emerging?
Even though accelerating hard market conditions may seem ideal for a growing crop of professionals with designs on starting up insurance and reinsurance companies, garnering AM Best ratings still ...
Executives On The Move at Aon, Arch and Coalition
Aon appointed a new UK chairman for its Global & Specialty unit. Arch Insurance promoted a long-time executive to be Executive Vice President General Counsel of Arch Insurance North America. ...
UK PM Johnson Proposes Spending $6.6 Billion on Flood Defenses Through 2027
Prime Minister Boris Johnson proposed 5.2 billion pounds ($6.6 billion) of spending on flood defenses through 2027 as his government seeks to protect hundreds of thousands of British homes. Under the ...
Executives On The Move at AGCS and AXIS
Allianz Global Corporate & Specialty SE appointed a number of new North America executive and simplified its organizational structure as part of its ongoing "New AGCS" transformation program. ...
Buckle Plans to Run Its Carrier as a ‘Digital Front’
Recently, Buckle made an acquisition that helps it expand in interesting ways. Buckle, a digital seller of rideshare insurance, bought Gateway Insurance Company from carrier Atlas Financial Holding ...
U.S. Focuses on Ship Insurers, Maritime Industry to Strengthen Venezuela Sanctions
Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to ...
Lloyd’s to Leave U.S. Admitted Market, Double Down on Reinsurance, E&S
Lloyd's announced it plans to stop accepting admitted market accounts in the U.S. in a year and focus on the U.S. reinsurance and excess and surplus (E&S) insurance market, where it is the market ...
W.R. Berkley Corp. Booked $85M in Q2 Pretax COVID-19-Related Catastrophe Losses
W.R. Berkley Corp. cautioned that its 2020 second quarter pretax catastrophe losses will reach $145 million, with more than half of that coming from COVID-19 related costs. Out of that total, $85 ...