Industry News
Sizing Up the Casualty Insurance Market: Top Five Writers and Pricing Trends
While there are signs that general liability insurance prices started falling off for the largest accounts late last year, strong pricing over the past few years has fueled growth for casualty ...
Reinsurers Rush to Alter Strategy as Rates Fall: Willis Re
Reinsurers are rushing to implement major changes to their strategies and altering business models as rates continue to decline, broker Willis Re said. Reinsurance catastrophe prices for property in ...
Executives On The Move at AIG, Willis, QBE and More
AIG, Willis, QBE and Westfield Insurance all recently made some executive promotions and appointments. *** American International Group appointed veteran Mercer executive Gaurav Garg as CEO, Personal ...
Customer, Expert Partnerships Advancing AIG Safety Agenda: Hancock
While the world is far safer these days—in part thanks to property/casualty insurers—carriers can continue the trend by creatively collaborating with clients and outside experts, American ...
W. R. Berkley Combines U.S. Broker Reinsurance Units
W. R. Berkley Corp. announced Monday that it has combined its U.S. broker reinsurance units, Berkley Re America and Facultative ReSources, into a single operating unit that will trade under the ...
Lufthansa’s Knowledge of Crash Pilot’s Depression Could Impact Insurance Claims
The German pilot who crashed a plane in the French Alps last week, killing 150 people, told officials at a Lufthansa training school in 2009 that he had gone through a period of severe depression, ...
Reputational Harm Claims Most Costly For Small Businesses: The Hartford
Claims involving libel, slander and violation of property – known as reputational harm in industry lingo – are the most expensive that small businesses are likely to experience. The most common: ...
Sapiens to Acquire IBEXI
Global software provider Sapiens International Corp. has signed a definitive agreement to acquire IBEXI Solutions Private Ltd., a business and technology solutions provider based in India. The ...