Specialty
Oil Companies Are Paying Big to Bolster D&O Coverage
The U.S. oil and gas industry is paying a hefty price to protect its top brass against potential bankruptcy and investor lawsuits. Oil companies are shelling out as much as 75% more to renew ...
The Latest Launches From Nationwide/Bold Penguin and Munich Re
Nationwide and Bold Penguin are testing an independent agent-facing commercial insurance quoting and selling platform. Munich Re Specialty Insurance (MRSI) released a Miscellaneous Professional ...
Hackers Attack Norwegian Shipbuilder
A group of hackers executed a successful attack this week on shipbuilder Fincantieri SpA's Norwegian unit, an Italy-based representative for the company said, confirming local reports. Servers at the ...
Executives On The Move at Sompo International and AXIS Re
Sompo International picked an executive to lead its new U.S. Insurance Environmental unit. AXIS Re named a new Head of Agriculture Reinsurance.***
Sompo ...
The Latest Launches From Praedicat and BHSI
Praedicat is debuting COVI19 litigation scenarios and a COVID-19 litigation tracker designed to help clients manage their exposure on casualty lines of business. Berkshire Hathaway Specialty ...
Opinion: Death of the Office? Not So Much
I returned to the office this week, joining thousands of bankers from Citigroup Inc. to Morgan Stanley that are trickling back to their desks in Hong Kong. After almost five months working from home, ...
Excluding Workers Comp, U.S. Commercial Insurance Saw Rapid Q1 Rate Hikes
U.S. commercial insurance prices climbed more than 6 percent in aggregate during the 2020 first quarter compared to the year, Willis Towers Watson's pricing survey for the sector. Price increases ...
The Latest Launches From Neptune Flood and Cowbell Cyber
Neptune Flood is now offering commercial flood insurance in 48 states for small and mid-sized businesses. Cowbell Cyber formed a new partnership to help boost its cyber offerings.
Argo Settles SEC Investigation Into Executive Pay Practices
Argo Group will pay $900,000 to settle a U.S. Securities and Exchange Commission investigation into executive perks paid to former CEO Mark Watson III that raised the ire of an activist shareholder. ...