Specialty
SEC Cyber, Climate Disclosure Rules May Drive Up D&O Claims
New rules proposed by the U.S. Securities and Exchange Commission on cybersecurity and climate impact disclosures may generate more lawsuits that will generate claims against directors and officers ...
Berkley Cooling On Professional Lines, Firing Up Property Cat Re Engines
Property cat reinsurance: "More." Professional liability insurance: Not so much. The president and chief executive officer of W.R. Berkley Corp., Robert Berkley, Jr., shared his company's appetite ...
Hallmark Financial Sells E&S Ops to Core Specialty
On Friday, Hallmark Financial Services, Inc. and Core Specialty announced the sale of Hallmark's excess and surplus lines operations to Core Specialty Insurance Holdings, Inc. for roughly $40 million ...
Trump Defrauded Insurers, New York AG’s Lawsuit Says
Donald Trump and the Trump Organization used false and misleading statements of financial condition to obtain favorable real estate loans and insurance coverage over the last decade, according to a ...
Wholesale Growth Is Cycle-Proof; Dual Distribution Has Failed: AIG’s Zaffino
Just a few days before the official start of the Wholesale & Specialty Insurance Association annual meeting in September, AIG's chief executive officer gave his take on the dominance of ...
Westfield Enters International Specialty Market With Purchase of Argo’s Lloyd’s Syndicate
Westfield said it has expanded into the international specialty insurance market by buying Lloyd's Syndicate 1200 from Argo Group International Holdings for about $125 million. The acquisition is ...
Underwriting No Longer Sole Path to Profit, Say Berkley Execs
While the days of cash flow underwriting are a distant memory for veteran insurance executives, the need for industry's more recent "preoccupation" with underwriting profit is starting to subside, ...
Liberty Mutual: Ironshore to Become Wholesale-Exclusive Brand
Liberty Mutual said it has repositioned its distribution strategy for specialty and excess & surplus products, making Ironshore a wholesale-exclusive brand. Going forward, all U.S. commercial, ...