Specialty
Novae Shareholders Approve AXIS Capital’s $611.5M Bid
AXIS Capital Holdings Ltd.'s planned $611.5 million acquisition of Novae Group plc will be going through. AXIS, a Bermuda-based specialty insurer, disclosed that Novae's shareholders on Aug. 29 cast ...
Executives On The Move at XL Catlin and W.R. Berkley
XL Catlin brought on a new client distribution leader for its Southeast broker and client management operation. W.R. Berkley's W.R. Berkley Corp.'s Berkley Program Specialists hired a business ...
Flood Insurance Program Renewal Likely in Harvey’s Wake: Key Republican
A key Republican said Hurricane Harvey will spur Congress to reach a deal to fund the nation's flood insurance program before it expires next month, even though divisions persist over how much the ...
Lloyd’s Insurers’ Hurricane Harvey Risks Drive Investors Away
Lloyd's of London insurers dropped amid speculation that they will suffer losses from Tropical Storm Harvey that's battering Houston, the epicenter of the U.S. oil industry. The storm, which which ...
Hurricane Harvey Flood Insured Losses in Texas Could Rival Katrina’s
Flood damage in Texas from Hurricane Harvey may equal that from 2005's Hurricane Katrina, the costliest natural disaster in U.S. history, said an insurance research group on Sunday. As heavy rain ...
Harvey Aftermath: Half of Residential/Commercial Properties in Houston Likely Lack Flood Insurance
In the wake of Hurricane Harvey and its aftermath along the Texas coast, one ominous reality has emerged: just over 50 percent of residential and commercial properties in metro Houston likely lack ...
On-Demand Delivery Drones Arrive in Iceland
An Israeli autonomous drone delivery company has started commercial operations in Reykjavik, Iceland, one of the first in the world to offer the service on demand. Tel Aviv-based Flytrex's drones ...
Harvey’s Impact on Insured and Uninsured Alike Soars in Growing Economic Catastrophe
Hurricane Harvey's second act across southern Texas is turning into an economic catastrophe -- with damages likely to stretch into tens of billions of dollars and an unusually large share of victims ...