Specialty
The Latest Launches From Ironshore and Berkshire Hathaway Specialty Insurance
Berkshire Hathaway Specialty Insurance launched two new policies that provide cyber liability and breach response coverage with risk management resources. They're known, respectively, as the ...
Zurich, ACE, CNA and Catlin Vets to Lead BHSI’s New Expansion Effort
Berkshire Hathaway Specialty Insurance hired veteran executives from Zurich, ACE, CNA and Catlin to help beef up its U.S. underwriting capabilities and continue its expansion. "With this infusion ... ...
China Explosion and Chile Quake Cost Validus an Estimated $64M
Validus Holdings Ltd. believes it lost just under $64 million from the Port of Tianjin explosion and recent earthquake in Chile, a number that matches its Q2 net income. The Bermuda-based insurance ...
Cyber Attacks Increase, but Boards and Businesses Are Fighting Back
A majority of businesses admit that they experienced at least one cyber attack in the last year; companies also increasingly see these risks as a major threat to their operations. Faced with these ...
U.K. to Sell at Least $3B in Lloyds Banking Group Shares to Private Investors
Britain's finance ministry said it will sell at least 2 billion pounds ($3 billion) worth of shares in Lloyds Banking Group to private retail investors in spring 2016 to return the bank to full ...
A New Era for Marine Catastrophe Management
While marine insurers remain well-capitalized, the line faces many risks. A protracted soft market has eroded margins, large losses have put pressure on rate adequacy, and marine cat experience has ...
Global Capital Standards Finalized For AIG and 8 Other Insurers
The world's nine biggest insurance companies will have to hold more capital under new rules just finalized by global regulators that aim to prevent taxpayer bailouts of the industry in a crisis. ...
BP’s Record Oil Spill Settlement Rises Another $2 Billion
The value of BP Plc's settlement with the U.S. government and five Gulf states over the Deepwater Horizon oil spill will rise to $20.8 billion, an increase of $2 billion from an agreement reached in ...