Specialty
Markel Reorg Announced: U.S. Public D&O, FI Moves to Bermuda Platform
Global specialty insurer Markel announced that it is reorganizing its U.S. professional liability products portfolio, building on similar actions taken on its London professional liability book in ...
Chubb Posts Record P/C Underwriting Income for Q4 and 2024
Chubb posted record property/casualty underwriting income of about $1.6 billion, up 3.8 percent during the last quarter of 2024. Fourth-quarter net income was down 22 percent to about $2.6 billion ...
How Competitive Is E&S Property? Exec Views Vary
E&S property insurance market conditions were a recurring talking point on two recent earnings conference calls, but the leaders of specialty insurers offering commentary were not perfectly in ...
An Increase in Identity Theft, Cybercrime Predicted in 2025
The forecast for identity theft scams and cybercrime in 2025 is bleak, according to the Identity Theft Resource Center (ITRC). It's anticipated there will be reduced support for victims and less law ...
Andrade Leaving Everest for USAA; Williamson Named Acting CEO
Juan C. Andrade is USAA's new president and chief executive officer, said the insurance provider to millions of active military, veterans, and their families. Andrade will assume the role on April 2 ...
Lloyd’s CEO Neal Appointed Aon CEO of Reinsurance, Chair of Climate Solutions
Insurance broker Aon plc announced the appointment of John Neal as global CEO of Reinsurance and chairman of Climate Solutions, effective following the conclusion of Neal's notice period at Lloyd's ...
E&S Market Sees 21% Compound Growth Within Past 5 Years: Conning
Excess and surplus (E&S) lines of insurance have experienced unprecedented growth, realizing 21 percent compound annual growth rate over the past five years and surpassing $104 billion in ...
Study: Widening Gap Between Cyber Attack Causes, Public Perception
A new study from Hive Systems, a global provider of cybersecurity services and products, finds that the public and media are misaligned when it comes to actual cybersecurity risks, leaving ...