Specialty

Executives On The Move at AIG and Swiss Re

A former AIG executive has returned to the insurer to take on a newly-created role. Swiss Re's Corporate Solutions unit appointed a new executive with a North America focus.

Etherisc, an InsurTech Startup, Is Marketing Blockchain-Based Flight Delay Insurance

Etherisc, a Zug-Switzerland-based insurance platform startup, has begun offering blockchain-based flight delay insurance, called Flight Delay, which automates the process of getting an insurance ...

Basic IT Security Best Practice Could Have Minimized the WannaCry Ransomware Attack: UK Govt.

The U.K. government holds North Korea responsible for the global WannaCry ransomware attack that crippled parts of the state-run National Health Service as a damning report highlighted its weak ...

Executives On The Move at Ironshore and The Hartford

Ironshore appointed three executives to underwrite Specialty Casualty risk in U.S. and London markets. The Hartford named a new chief medical officer.

Q3 Catastrophe Fallout: XL Group’s Fitch Ratings Outlook Turns Negative

XL Group got smacked with a negative ratings outlook from Fitch Ratings, thanks to pre-tax natural catastrophe losses in Q3 that hit $1.48 billion. Fitch said it revised the ratings outlook to ...

W.R. Berkley CEO: Cat Losses Will Force Carriers to Rethink Market Priorities

In light of hurricanes and earthquakes in the 2017 third quarter that left insured catastrophe losses likely surpassing $100 billion, W.R. Berkley Corp. President and CEO Robert Berkley Jr. said he ...

The Latest Launches From Markel and RMS

Markel Corp. unveiled new primary insurance cover for biomedical and life sciences companies. Catastrophe modeling firm RMS opened a new office in Sydney, Australia, to help support clients' ...

XL Group Lost Over $1B in Q3: Hurricanes Harvey, Irma, Maria to Blame

XL Group reported losses exceeding $1 billion for the 2017 third quarter, blaming hurricanes Harvey, Irma and Maria for the results. The net loss of $1.04 billion for Q3 amounted to negative-$4.06 ...

Fosun’s Meadowbrook Insurance Rebrands as AmeriTrust Group, With Acquisitions in Mind

Meadowbrook Insurance Group has changed its name to AmeriTrust Group, Inc., close to three years after Chinese conglomerate Fosun International bought the company. The company's management team, in ...