Specialty
Breaking News: ACE to Acquire Chubb in $28.3 Billion Deal
In a major transaction, ACE Limited has agreed to acquire The Chubb Corp. for $28.3 billion in cash and stock. The two firms said the combined company will have complementary businesses, skills and ...
Expert Calls For Wider Use of Blast Modeling For Possible Terrorist Attacks
While catastrophic event models focus mainly on weather-related events, the world also has to cope with catastrophic terrorist acts, particularly those caused by explosive devices placed in areas ...
With AIG Veterans, BHSI Expands in Australia, New Zealand
Berkshire Hathaway Specialty Insurance Co. (BHSI) said it is entering the healthcare underwriting market in Australia and has appointed Tony Bainbridge, previously with American International Group ...
XL Catlin Expands Cyber Breach Service Partnerships
XL Catlin has become the latest entity in the property/casualty industry to beef up its cyber breach services in an effort to respond to customer need and demand. The insurer said it has added a ...
Sizing Up the P/C M&A Landscape; Analyst Wary of ‘Industrial’ Buyers
A fixed income analyst specializing in the property/casualty insurance sector is growing uncomfortable with a potential trend he sees developing in the M&A landscape—interest in insurance ...
Oklahoma Urgently Mulls Tougher Fracking Regs After Earthquake Spikes
A spike in earthquakes across Oklahoma is forcing the state's energy regulator to urgently consider tougher restrictions on drilling activity, a spokesman said on Wednesday, calling it a "game ...
BHSI Unveils E&O Coverage For U.S. Insurance Executives and Employees
Berkshire Hathaway Specialty Insurance (BHSI) is rolling out Professional First Insurance Company Professional Liability Insurance, which provides customizable coverage for U.S. insurance companies, ...
A Relatively Quiet Atlantic Hurricane Season Could Still Produce a Big One
While individual storms could make landfall and wreak havoc, The 2015 Atlantic hurricane season is likely to be a relatively quiet one overall, Guy Carpenter said. The risk and reinsurance specialist ...