Specialty
House Mulling 7 Proposals to Renew/Reform National Flood Insurance Program
House lawmakers are weighing seven proposals to renew and reform the federal flood insurance program, an area where there is a good amount of bipartisan agreement that something should be done and ...
Hiscox/Bold Penguin Partnership Envisions Online Future for Commercial Lines P/C Agents
Hiscox inked a new partnership deal with Bold Penguin, an InsurTech startup known for an online marketplace portal for commercial lines property/casualty agents. Neither side is disclosing financial ...
Anbang’s Woes Worsen as China Asks Lenders to Halt Business Ties
Pressure is building on Anbang Insurance Group Co. as Chinese banks distance themselves from the owner of New York's Waldorf Astoria hotel amid a wide-ranging government probe that landed Chairman Wu ...
Insurers Adapt to Terror Attacks on Western Cities
The changing nature of attacks in Western cities has led insurers to offer new policies, from straightforward cover for business lost due to police cordons to more risky compensation for declines in ...
Neon Acquires Sapphire Underwriters, Gains Local Offshore Market Presence
Neon, the specialist Lloyd's insurer, has acquired Sapphire Underwriters from Heritage Group for an undisclosed price. In acquiring Sapphire, Neon (formerly Marketform) is getting a UK-based Lloyd's ...
The Latest Launches From Chubb, CNA, Allianz Global Assistance and More
Chubb boosted its insurance capacity for terrorism, political violence and war risks. CNA launched a new Affinity Programs unit within its specialty arm. Allianz Global Assistance will team with ...
W.R. Berkley Is Launching Two Mexico Subsidiaries
W.R. Berkley Corp. said it has formed two subsidiaries in Mexico: Berkley International Fianzas México S.A. and Berkley International Seguros México S.A. Both have been granted official ...
London Mom Sues AIG in Maternity Leave Lawsuit
American International Group Inc. said it was not "unwelcoming to working mothers" as the insurer fought a discrimination lawsuit filed by a former London trader dismissed while on maternity leave. ...