Industry News
Aspen Opens Miami Hub for Expansion in Latin America
Aspen Insurance said it is expanding its presence in Latin America with the opening of a regional hub in Miami, joining a group of insurers and reinsurers that have also located Latin American ...
Lighting Losses Fell for Insurers in 2013, But Average Claim More than Double Since 2004
Insured losses to homes from lightning strikes in the United States fell to their lowest level in a decade last year, as severe thunderstorm activity eased from near-record levels and dry weather ...
Insurance compliance work rarely operates at an entirely predictable pace. A carrier may be managing normal licensing and appointment activity...
ANV Launches Cyber.Media MGU for U.S. Main St. Biz Backed by James River
ANV Holdings BV, a Dutch specialty insurance business, announced the opening of a U.S. managing general underwriter Thursday, focusing on communications and data security risks for "Main Street" U.S. ...
1990s Soft Market Redux? Not Quite, But Global Re Outlook Negative, Says Moody’s
In June, Moody's Investors Service changed its outlook on the global reinsurance sector to negative from stable, noting that the current soft market has traits similar to the one that persisted in ...
Aon CATstream Expedites Cat Bond Coverage for Cedents
Aon Benfield Securities, the investment banking division of Aon Benfield, announced Wednesday that it has launched a new client facility that offers cedents faster and more efficient access to ...
Marsh to Acquire Majority Stake in Panama-Based Broker Semusa
Marsh has reached a definitive agreement to acquire a majority stake in Semusa, a leading insurance broker and advisor in Panama and Marsh's long-standing local correspondent broker, the company ...
CNA Central Offers Enhanced Online Endorsement Capability
CNA has announced a new automation upgrade to help agents process endorsements more efficiently. The online endorsement capability gives agents the ability to create "what-if" scenarios by generating ...
AIG Launches Global Commercial Property Cover for Midsize Businesses
American International Group on Wednesday announced the launch of a new line of multinational commercial property products and services for midsize businesses confronting global risk exposures, ...