Specialty
U.S. E&S Insurers Win A.M. Best Outlook Upgrade Over Pandemic Resiliency
Resiliency from the U.S. excess & surplus lines market in the face of pandemic challenges has earned it an outlook upgrade from A.M. Best. A.M. Best revised its outlook for U.S. E&S to Stable ...
Global Insurance M&A Holds Its Own Despite Pandemic Challenges
There were 407 completed insurance sector mergers and acquisitions worldwide in 2020, down from 419 the previous year, according to a report published by global law firm Clyde & Co. An ...
Executives On The Move at BHSI and PartnerRe
Berkshire Hathaway Specialty Insurance expanded its U.S. Executive & Professional Lines leadership team with three new appointments. PartnerRe has a new board member.
AIG Is Hiking Some Commercial Rates by 45 Percent
American International Group Inc said on Wednesday it is hiking some commercial insurance rates by as much as 45%, a trend it sees persisting in 2021, as the company prepares to install Peter Zaffino ...
American Family Closes Purchase of Digital Exchange Bold Penguin
Madison, Wisconsin-based American Family Insurance has closed the deal on acquiring digital exchange Bold Penguin, a startup designed to simplify the process of obtaining small business insurance. ...
UK Cites Worsening Political Risks in New Hong Kong Business Guidance
The UK highlighted increasing political risks in its latest guidance on conducting business in Hong Kong, pointedly dropping references to relations with its former colony as "positive" and ...
Insurers, Agents Both Want More Connectivity and Digital Collaboration
Both agents and insurers express strong support for agent-insurer connectivity and digital collaboration in distribution and servicing. Nearly 90 percent of insurers believe it would be useful to ...
Executives On The Move at AXIS and Beazley
AXIS Insurance hired a new underwriting executive for its Small Specialty Commercial division. Specialist insurer Beazley appointed two underwriters in the U.S. to write Deadly Weapons Protection ...