Specialty
Cyber Insurance Was Profitable in 2016, Even With Higher Loss Ratios: Aon Benfield
Cyber insurance may be a fast-changing and relatively new market, but it was profitable in 2016 despite higher loss ratios, according to a new Aon Benfield report. The U.S. market combined ratio for ...
Demand for Cyber Insurance Soars as Hacker Crime Fears Grow
For companies and organizations, an attack by hackers can inflict financial losses, corporate embarrassment and legal action. For insurers jumping into the brave new world of cyber crime insurance, ...
AIA CEO Leigh Ann Pusey to Depart for Leadership Role at Eli Lilly
Leigh Ann Pusey, longtime leader of the American Insurance Association, plans to depart in June for an executive role with the pharmaceutical giant Eli Lilly and Co. Pusey has led the AIA since 2009, ...
Munich Re, Hannover Re Hit With Higher Q1 Natural Catastrophe Claims
Reinsurers Munich Re and Hannover Re both reported that first-quarter results are on track to meet their annual targets, despite Q1's higher level of catastrophe claims. Munich Re reported ...
InsurTech Startups Root, Slice, Lemonade Disclose State Expansions
InsurTech startups Root, Slice and Lemonade each announced they've expanded their operations into new states. Root, an auto insurance startup, said it can now do business in Arizona after debuting in ...
Executives On The Move at CNA, JLT Specialty and More
CNA appointed a new president and chief operating officer for Specialty. JLT Specialty USA made a strategic hire for its Environmental team. Willis Towers Watson named a Midwest leader for its ...
AIG’s Problems Worsened U.S. Commercial Lines Insurance Sector’s 2016 Decline: Fitch
While U.S. commercial lines insurance had been a relatively bright spot among property/casualty insurers, the sector is facing some clear deterioration due to weakening premiums and poor loss ...
More Than a Quarter of Big UK Financial Firms Planning Brexit-Related Staff Moves
More than a quarter of major U.K. financial services firms have said they will move staff or operations abroad, or are reviewing their domicile because of Brexit, according to consulting firm EY. ...