Industry News
Government to Share Cyber Security Information with Private Companies
The U.S. government will use classified information about software vulnerabilities for the first time to protect companies outside of the military industrial complex, top officials told Reuters this ...
Currie Retiring As RenRe CEO; O’Donnell Takes The Spot
Bermuda-based RenaissanceRe Holdings Ltd. announced on Wednesday that Neill Currie will retire from his position as chief executive officer, and that the current president, Kevin O'Donnell, will ...
Court Dismisses Bond Insurer Fraud Claims Against Goldman Over Abacus CDO; Appeal Planned
Goldman Sachs Group Inc. won dismissal on Tuesday of fraud claims brought by a bond insurer over a CDO tied to subprime mortgage securities called Abacus. In a 3-2 decision, a New York state appeals ...Shores Succeeds Nelson as President of Berkley’s Monitor Liability
Joseph G. Shores, president of Berkley Select, will undertake the additional responsibility as president of Monitor Liability Managers, according to parent company W.R. Berkley Corp. in Greenwich, ...
Wide Range Of Firms Uninsured For Environmental Losses: IUA Analysis
A London market association published a research paper last week, which highlights scenarios in which non-industrial insureds face environmental losses—and are not covered for them under standard ...Tokio Millennium Re Redomesticating to Switzerland This Year, Expanding To U.S. In ’14
Tokio Millennium Re Ltd. announced Tuesday that it plans to redomesticate its place of incorporation from Bermuda to Switzerland, saying that the move is part of its ongoing commitment to growth and ...
How They Rank: Fitch Reports On Top D&O Insurers
Directors and officers liability insurance premium rates were previously lagging the market recovery in the broader commercial lines segment, but pricing trends are now catching up, Fitch Ratings ...
D&O Pricing Catching Up To Loss Trends: Fitch
Direct written premiums for the directors and officers liability insurance line rose 6.9 percent last year, according to a recent analysis by Fitch Ratings, which also shows that direct loss ratios ...