Specialty
The Hartford Is Snatching Up Foremost’s Small Commercial Agency Biz
The Hartford has agreed to acquire Foremost Insurance's branded small commercial lines business from Farmers. Terms of the transaction were not disclosed. The Hartford said the deal will not have a ...
AXIS’ A.M. Best Outlooks Revised to Negative; Struggling Insurance Arm Blamed
AXIS Capital Holdings' money-losing insurance segment has drawn the attention of A.M. Best, which revised its outlooks for the Bermuda-based carrier to negative from stable, based largely on its ...
Catastrophe Losses Force Aspen to Cease Underwriting Property Insurance From Bermuda Platform
Aspen Insurance Holdings confirmed on Friday, Feb. 16, that it has ceased underwriting property insurance on its Bermuda platform, effective immediately, as a result of the company's 2017 catastrophe ...
Allianz Hurricane Claims Dampened Profit, but PIMCO Unit Surged
A record year for natural-disaster insurance claims worldwide and a decline in fourth quarter profit wasn't enough to stop Allianz SE from raising its dividend. Europe's biggest insurer will increase ...
Cybersecurity High on Executives’ Lists; Relatively Few Have Plan to Address It
Most executives now see cybersecurity as a major risk management priority, but relatively few have a plan in place to address it or are confident their companies can deal with the problem. The ...
Brexit Risks Making London Lose Ground to New York as Global Financial Center
The U.K.'s exit from the European Union will be a watershed moment for the City of London and weaken its role as one of the world's leading financial centers, Bundesbank Executive Board Member ...
‘Hyper-Learning’ Could Be Good Tool to Rapidly Transform Your Company
Hyper-learning — the process of continuously learning and unlearning — is a way to help transform companies and other large organizations trying to adapt in the Digital Age, a University of ...
Intense Downward Pricing Pressures Loom for Marine P&A Clubs, A.M. Best Warns
While the balance sheets of clubs operating in the marine protection and indemnity (P&I) sector are generally strong, underwriting discipline will be tested over the February 2018 renewal period, ...