Specialty
New Drone Regs Leads to Pilot-Licensing Stampede
Thousands of would-be drone pilots are racing to get licensed under new U.S. regulations that have opened an aerial stampede. More than 3,300 have signed up to take the test on Monday, the first day ...
Navigators Group Restructures Global Claims Leadership With AIG, Chubb Vets
The Navigators Group Inc. has restructured its leadership team for its global claims organization. Glen Bronstein has been promoted to the newly created role of global chief claims officer. Bronstein ...
Ambac Shareholder Pushes for Review of ‘Strategic Alternatives’
Shareholder Joseph Pirinea said on Monday he was pushing bond insurer Ambac Financial Group to hire an investment bank to review strategic alternatives. Pirinea said the review should include the ...
P/C Insurance Operating Income Dropped by Double Digits in Q1: Fitch Ratings
Property/casualty insurers in North America saw their operating income decline by double digits in the first half of 2016, as investment income plunged and catastrophe losses rose. Fitch Ratings ...
Everest Re Closes $49M Sale of U.S. Crop Insurance Subsidiary
Everest Re Group has closed the sale of its U.S. crop insurance subsidiary, pocketing $49 million in the process. Plans for CGB Diversified Services to buy Heartland Crop Insurance were first ...
The Latest Launches From CNA, Endurance and Beazley
CNA launched new coverage designed to address M&A issues among insurers. Endurance unveiled a new workers compensation insurance product available to one of its divisions. Beazley just doubled ...
London Financial Firms Doubful About Quick-Fix for Post-Brexit EU Access
Big financial groups in London are losing faith in a quick fix to get access to the European Union after Britain leaves the bloc and are instead drawing up contingency plans to avoid becoming hostage ...
Italy Quakes Could Lead to Limited Insured Losses: RMS
Damage from the earthquake that struck central Italy on Aug. 24 and the subsequent aftershocks that followed is still being assessed. But RMS asserts that insurance losses will be limited because of ...