Specialty
AXA, Zurich Vets Join Berkshire Hathaway Specialty Insurance in Leadership Roles
Two veteran executives from AXA and Zurich Insurance are joining Berkshire Hathaway Specialty Insurance in leadership roles. BHSI said it appointed Pedro Mairos as head of Marine and Sean Mannion as ...
Travel Insurance Claims Could Spike After Grounding of Boeing 737 Max 8 Planes
The grounding of Boeing 737 Max 8 airplanes is likely to cause a spike in travel insurance claims, InsureMyTrip said in a press release. "This is a very rare occurrence and we anticipate that ...
Trump Policy Shift on Flood Insurance Draws Cheers From Climate Advocates
Climate advocates say an overhaul of the nation's flood insurance program being unveiled by the Trump administration will spur communities around the country to better plan for extreme weather, but ...
Buffett’s Berkshire Hathaway: Vice Chairmen Jain, Abel Each Make $18 Million
Berkshire Hathaway Inc on Friday said its newest vice chairmen, Greg Abel and Ajit Jain, were each awarded about $18 million last year, in the first detailed look at the pay of the men considered the ...
2018: A Big Year for U.S. P/C Insurers’ Net Income Results
U.S. P/C insurers' net income soared in 2018, thanks in part to premium increases, higher net investment income and fewer catastrophe losses, A.M. Best concluded in a new report. Industry net income ...
EU Leaders Will Mull Pressing Britain for Long Brexit Delay
European Union leaders will consider pressing Britain to delay Brexit by at least a year to find a way through its domestic deadlock, the chair of next week's EU summit said on Thursday. "I will ...
AGCS Unveils Coverage for Auto Parts Manufacturers Slammed by a Product Recall
Allianz Global Corporate & Specialty has started offering coverage for auto parts manufacturers, enabling them to reduce expense risks related to a recall. Allianz's specialist corporate insurer ...
Hamilton CEO Albo Credits Strategy, Excellent Timing as Leading to New Acquisition Deal
Strategy plus some remarkably good timing helped lead to Hamilton Insurance Group's first acquisition deal under the leadership of CEO Pina Albo. On March 14, Hamilton announced it would acquire ...