Specialty
P/C Insurers Plan to Boost Their Use of Actuarial Automation: Willis Towers Watson
Property/casualty insurers plan to accelerate their use of automation for actuarial work, a new Willis Towers Watson survey found. What's more, COVID-19 has been a major factor in the trend. The ...
Amazon Presses for End of NY Lawsuit Over COVID-19 Standards at Warehouses
Amazon.com Inc on Wednesday pressed a New York judge to dismiss a lawsuit by state Attorney General Letitia James claiming the online retailer failed to ensure worker safety at two New York City ...
Coalition Joins Canada’s Excess Cyber Insurance Market
Coalition plans to enter the excess cyber insurance market in Canada with enhanced coverage to help protect businesses. With the coverage, the San Francisco-based cyber insurance and security company ...
AXIS Re Promotes Three Executives in Bid to Beef Up Product Leadership Efforts
AXIS Re promoted three executives - two to newly-created positions – as part of an effort to strengthen product leadership within the company. Simon Stirnemann has been promoted to AXIS Re Head of ...
Climate Change Financial ‘Stress Tests’ Need Better Data and Modeling: Global Oversight Body
Climate change financial 'stress tests' will need to be improved with better data and modeling, a new paper by a global oversight body has recommended, but potential losses at individual banks or ...
Travelers Makes ‘Strategic Minority Investment’ in Fidelis Insurance Holdings
The Travelers Companies said it has made a "strategic minority investment" in Fidelis Insurance Holdings, a privately-owned global specialty insurer and reinsurer. Neither side disclosed financial ...
Applied Underwriters Snatches Up Generali Group’s U.S. Specialty Lines Arm
Applied Underwriters has acquired the U.S. Specialty Lines division of Generali Group including Generali Warranty Services, which offers extended warranty programs and contractual liability insurance ...
Executives On The Move at The Hartford, Beazley and BHSI
An AXA XL veteran is joining The Hartford as Chief Underwriting Officer within its Global Specialty business unit. Beazley hired a new Chief Operating Officer. A veteran Chubb executive signed on ...