Specialty
Australia’s Coal Miners and Farmers Avoid Brunt of Powerful Cyclone
Commodities producers were spared the full wrath of a powerful cyclone that smashed into the east cost of Australia packing winds up to 285 kph (175 mph), but thousands of coastal residents on Monday ...
Berkshire Hathaway Specialty and Ironshore Fill Out Singapore Teams
Both Berkshire Hathaway Specialty Insurance and Ironshore International have filled executive positions in Singapore, with a mandate of adding new customers in the Asia/Pacific region. Berkshire ...
Ariel Re Launches Atlanta-Based Facility With $20M U.S. E&S Property Capacity
Bermuda-based Ariel Re is launching Ariel Specialty Insurance Managers (ASIM), a new Atlanta-based surplus lines property insurance underwriting unit. The venture will offer up to $20 million of ...
Large Product Liability Awards Made Comeback in 2014
Huge jury verdicts against companies over fatal flaws in their products made a comeback last year, which may foretell more bad news for carmakers with defective parts. Absent for a decade, ...
Swiss Re Eyes South Africa For Commercial Insurance Expansion
A division of Swiss Re has expanded into South Africa with a focus on commercial insurance coverage and services for mid-and large-sized corporate clients. Swiss Re Corporate Solutions' advance into ...
Midwest Flooding More Frequent: University Study
The U.S. Midwest and surrounding states have endured increasingly more frequent flood episodes over the past half-century, according to a study from the University of Iowa. The UI researchers based ...
Train-Delivered Canadian Crude Oil Shipments Will Need More Insurance
The Canadian government is overhauling its safety rules for crude oil shipments by train, creating a disaster fund and forcing railways to carry more insurance. Oil companies will pay into the fund, ...
Fitch Puts Watch on Brit plc
Fitch Ratings has placed some of Brit plc's ratings on Rating Watch Negative following an announcement that Fairfax Financial Holdings intends to acquire Brit for roughly $1.9 billion. The ratings ...