Specialty
Battery Combustion Risk Forces Recall of Samsung Galaxy 7 Smartphones
Samsung Electronics Co. recalled its Galaxy Note 7 smartphones because of a faulty battery and announced a global replacement program, days before archrival Apple Inc. is set to unveil its newest ...
Executives On The Move at Everest Re and W.R. Berkley Corp.
A former PartnerRe exec is joining Everest Re, with plans to head Casualty Underwriting in its Zurich office. W.R. Berkley Corp. gave one of its longtime executives an additional leadership role. *** ...
H1 Catastrophe Losses Are High, and Texas Endured Many of Them
Weather catastrophe activity slammed into 39 states during the 2016 first half. But in a six-month period where insured losses rose well above typical levels, Texas was by far the worst hit, ...
EU Passporting Could Be Crucial for Lloyd’s Market Position in Post-Brexit World
The UK's exit from the European Union, or "Brexit," could lead to a loss of business for Lloyd's of London unless the UK government is able to negotiate passporting arrangements to maintain access to ...
XL Catlin Vets to Launch Sompo Canopius U.S. Ocean Marine Business
Sompo Canopius AG is diving into the U.S. ocean marine business. The global specialty insurer and reinsurer, which is wholly-owned by Sompo Japan Nipponkoa Insurance Inc., calls this a "significant ...
Executives On The Move at Beazley, Endurance and W.R. Berkley
Beazley added executive staff to its Chicago-based underwriting office. W.R. Berkley hired on a new chief information officer. Endurance Specialty Holdings appointed an AIG veteran as CEO of its U.S. ...
Warren Buffett’s Railroad at Forefront of Commercial Drone Testing
Before some cutting-edge online retailer can use a drone to drop granola bars on your doorstep, a railroad born when Abe Lincoln was in Congress will first have to iron out the kinks. BNSF Railway ...
Takata in Hot Seat Again After Air Bag Materials Explode in Texas
A truck transporting Takata Corp air bag propellant material at the center of a global recall crashed and exploded in Texas last week, killing one woman and injuring four other people, the auto parts ...