Specialty
XL Catlin Introduces Kidnap, Ransom and Extortion Endorsement for General Aviation
XL Catlin is offering a kidnap, ransom and extortion (KRE) crisis endorsement available with its general aviation coverage. With liability limits up to $1 million, the new KRE endorsement includes ...
Executives On The Move at Chubb, GEICO, Willis Towers Watson and Alliant
Chubb made two senior management appointments. GEICO promoted an executive involved with national claims operations. Alliant hired an insurance industry veteran with a background in energy and marine ...
GEICO Steps on Gas as Berkshire Motors to 14th Straight Underwriting Profit
Even though Berkshire Hathaway's GEICO chalked up an underwriting loss in the fourth-quarter 2016, with full-year profit coming in basically even with 2015, the company is poised to take advantage of ...
NORCAL Mutual: Stronger Through Consolidation
Consolidation is a major consideration for NORCAL Mutual Insurance Co., "whether it's physicians joining larger groups, agents being acquired, or companies like ours taking advantage of M&A ...
PartnerRe Q4 Results Swing to Loss; P/C Combined Ratio Stays Below 90
PartnerRe Ltd. said it lost $191 million in the 2016 fourth quarter due, in part, to some one time costs such stemming from being acquired by Italian Investment firm EXOR and some business unit ...
Willis Towers Watson Aims to Buy French Aviation Brokerage
Willis Towers Watson has entered into exclusive negotiations with OAAGC, the French aviation brokerage, to acquire its team and book of business. Paris-based OAAGC (Office d'Assurances Aériennes G. ...
Allianz Debuts Morocco Operations Made Possible by Zurich Sale
The Allianz Group is now officially open for business in Morocco. Its division in the North African Country, Allianz Maroc, formally debuted on Feb. 22. Based in Casablanca, it was previously known ...
Environmental Worries Dominate 2017 U.S. Property Insurance Risk Concerns: Marsh
Insurers in the U.S. property insurance market may want to consider that three of the five major risks Marsh has highlighted as big worries in 2017. Wildfires, global flooding and earthquakes are all ...