Specialty
Hanover Insurance Considers ‘Possible Sale’ of London Specialty Unit Chaucer
The Hanover Insurance Group is weighing the sale of its international specialty insurance business, London-based Chaucer. The Worcester, Mass.-based company issued a statement confirming that it "is ...
Swiss Re Stock Soars on Rumors That $9.6B SoftBank Investment Getting Closer
Swiss Re AG jumped after people familiar with the matter said Japan's SoftBank Group Corp. is edging closer to buying a quarter of the company, valuing the reinsurer at as much as 37 billion francs ...
Chubb, Bunker Ally to Develop Usage-Based Insurance for Freelancers
Bunker and Chubb will work together to develop new usage-based insurance products focused on freelance workers. Chubb has also become a minority investor in Bunker as part of their partnership, ...
Beazley Adds Embedded Workplace Violence Cover in New Way
Beazley has added embedded workplace violence coverage to a number of specialist products accessible to U.S. insurers. "Greater awareness of the extent and impact of workplace violence and social ...
Brexit Will Move 5,000 UK Finance Jobs, Half of Earlier Projections: Reuters Survey
The number of finance jobs to be shifted out of Britain or created overseas by March 2019 due to Brexit has dropped by half compared to six months ago to 5,000 roles, firms employing the bulk of ...
The Latest Launches From XL Catlin, Validus and Tokio Marine Kiln
XL Catlin and RedSeal have a new resilience measure designed to gauge risk and improve cybersecurity and insurance terms. Validus Specialty Underwriting Services Inc. and a new partner are offering ...
Starr, Skywatch Partner on Usage-Based, Telematics-Driven Insurance for Drones
Starr Companies said it will partner with risk analytics company SkyWatch to provide usage-based, telematics-driven insurance for the drone industry. Their deal will let drone operators obtain ...
Fatal Tesla Crash, Fire in Calif. Leads to U.S. Investigation
The U.S. National Transportation Safety Board is opening a field investigation of a fatal Tesla Inc crash and major vehicle fire near Mountain View, California, last week, the agency said on Tuesday. ...

