Specialty
Low Prices Ultimately Could Bite London Market Insurers: A.M. Best, PwC Reports
The business outlook for the London insurance market is a familiar one across other global markets: Underwriting profits are under pressure as ongoing soft market prices begin to take a toll. In ...
AIG, Chubb, XL Group Lead in U.S. Cyber Coverage Market Share: Fitch Ratings
The U.S. property/casualty insurance industry generated $1 billion in direct written premium volume for cyber insurance in 2015. AIG, Chubb and XL Group led the market, according to Fitch Ratings. ...
Allied World Nabs Ex-Travelers Exec to Help Lead U.S. Cyber Insurance Efforts
Allied World Assurance Company Holdings tapped a former Travelers executive to help lead its U.S. cyber insurance efforts. Jason Glasgow is the insurer's new vice president, practice lead – ...
Executives On The Move at AIG, OneBeacon, JLT and Wells Fargo Insurance
AIG hired on a new chief communications officer. JLT Specialty USA's new Los Angeles-based executive will build a team focused on handling complex film and television production-risks. Wells Fargo ...
AAIS Creates New Forms and Rules Filings for Drone Coverage
The American Association of Insurance Services (AAIS) has announced the creation of new forms and rules for unmanned aircraft liability coverage in its agricultural general liability (AgGL) program. ...
Uber Embraces Self-Driving Trucks With Otto Acquisition
Ride service Uber Technologies Inc said on Thursday it has acquired the self-driving trucks startup Otto, and it also announced that Volvo Car Group has agreed to a $300 million alliance to develop ...
Louisiana’s Affected Storm Areas Have Low Flood Insurance Penetration: RMS
It's bad enough that the heavy rainfall and massive flooding that began in Louisiana on Aug. 12 has damaged more than 50,000 homes. There's also this: A relatively small amount of businesses and ...
Reinsurers Successfully Protect Themselves With Strong Enterprise Risk Management: S&P
The reinsurance sector's focus on strong enterprise risk management (ERM) frameworks is helping them weather the many headwinds hitting both the asset and liability sides of their balance sheets, ...