Specialty
AIR Worldwide’s New Colombia Earthquake Model Wins Regulatory Approval
AIR Worldwide's earthquake model for Colombia has gained insurance regulatory approval in the country. The catastrophe modeling firm said that the model can now be used by domestic insurance ...
Executives On The Move at RMS, Allied World, Arch Capital Group and More
RMS Named a former McKinsey & Co. executive as its president. Allied World beefed up its Onshore Construction arm in Australia with a new executive appointment. Arch Capital Group appointed a ...
The Latest Launches From Chubb, Ironshore and More
Chubb expanded its Global Cyber Facility with endorsements for property and casualty. Ironshore Specialty Casualty formed a dedicated Oil & Gas Facility. The International Drone Racing ...
Pending New York Cybersecurity Regs Risk Raising Loss Potential: Fitch Ratings
New cybersecurity regulations in New York could raise loss potential for insurers, even as they fuel premium growth for both the cybersecurity and directors and officers sectors, Fitch Ratings said ...
DuPont, Chemours Will Fork Over $671M to Resolve Chemical Leak Lawsuits
DuPont and Chemours Co have agreed to pay $671 million in cash to settle thousands of lawsuits involving a leak of a toxic chemical used to make Teflon, the companies said on Monday. Shares of ...
RSA, Post-Restructuring, Debuts New Global Risk Solutions Arm
RSA has finalized a new Global Risk Solutions (GRS) operating model aimed at giving brokers and customers better access to decision-makers and helping the division itself operate with more focus in ...
Markel’s 2016 Saw Investment Income Gains, Higher Cat Losses
Markel Corp. ended 2016 with a drop in net income and increase in the combined ratio, with Hurricane Matthew and the Canadian wildfires to blame for higher catastrophe losses. At the same time, the ...
January Severe Weather in U.S. Cost Insurers More than $1B: Aon
Major weather and flood events in the U.S. during January will cost the insurance industry more than $1 billion as tornadoes hit a 17-year high, according a report published by Impact Forecasting, ...