Industry News
AXIS Expands Its Global Underwriting Platform with New Lloyd’s Syndicate
AXIS Capital Holdings Ltd. today announced the expansion of its global underwriting platform, facilitated through the establishment of a new syndicate that will provide access to Lloyd's worldwide ...
Donelon: Fewer Customers Have Citizens Insurance
Louisiana Insurance Commissioner Jim Donelon says the state-run insurer of last resort has its lowest number of customers since Hurricane Katrina struck Louisiana eight years ago. Donelon says the ...
Legislators Look into Questionable Insurance Deal
The head of Florida's largest property insurer defended on Tuesday a controversial deal to pay millions to a startup insurance company that made campaign donations to Gov. Rick Scott. But Barry ...
A.M. Best Upgrades AXIS Capital Holdings to A+
A.M. Best Co. has upgraded the financial strength rating of AXIS Specialty Ltd. and its operating affiliates to "A+" (Superior) from "A" (Excellent) and its issuer credit ratings to "aa-" from "a+". ...
Berkshire Seen as Just One More Competitor to E&S Execs
Despite Berkshire-Hathaway's entrance into specialty insurance business, standard markets are still the players most capable of changing the dynamics of the surplus lines market, executives said ...
Insurers Offer Discounts for High Net Worth Client Inventory, Appraisal Service
A high tech start-up is promising to give property/casualty insurance companies and brokers access to real-time data on their upscale insureds' property and possessions, making it easier for the ...
Regulators Eye Global Guidelines for Financial Crimes and Punishment
Crooked bankers and insider traders would have no safe havens under planned global guidelines for market-abuse penalties, amid concerns some countries don't have strict enough rules. Culprits should ...
MetLife: Lack of Auto, Home Insurance Sales ‘Ridiculous’
MetLife Inc., the largest U.S. life insurer, is pushing agents to sell more car and residential coverage after the head of the company's main retail business said they've been missing an opportunity ...