Fidelis Completes MGU and Balance Sheet Split

Fidelis Insurance Holdings Ltd. (FIHL) announced the completion of the transaction creating a new managing general underwriter (Fidelis MGU), separate from FIHL and the ...

Lawsuit Alleges Insurance Agency Liable for Child Shooting at Home Office

The parents of a three-year-old Maine boy who accidentally shot himself with a loaded pistol filed a negligence suit against the owner of a Vermont home where the boy ...

As Legal Pot Grows, More Kids Sickened by Edibles at Home

The number of young kids, especially toddlers, who accidentally ate marijuana-laced treats rose sharply over five years as pot became legal in more places in the U.S., ...

D&O Insurer Dodges Coverage for $4.9M Embezzlement Scheme

A directors and officers insurer has no duty to defend a New Mexico financial organization from litigation filed after its former chief executive officer was convicted of ...

Chubb Launches Global Climate Business Unit

Chubb announced the launch of a new Global Climate Business Unit, aiming to bring together Chubb units engaged in traditional, alternative and renewable energy, climate ...

January Renewals See Hardest Property-Catastrophe Reinsurance Rates in Generation

A convergence of global events has led to the hardest property-catastrophe reinsurance market in a generation and a "complex," "grueling" and "late" January renewal ...

Bailey Joins AIG as Global Head of Distribution and Field Operations

American International Group has appointed Don Bailey as global head of Distribution and Field Operations, effective immediately. He reports to Chairman and CEO Peter ...

Insurance M&A Activity Slowed in 2022: S&P

Berkshire Hathaway's $11.6 billion acquisition of Alleghany Corp. was the largest insurance transaction in 2022, but insurance M&A activity dropped this year, ...

The Latest Launches From Ford Credit, Lemonade, SURE

Reinsurers Winning on Price, Not Coverage Restrictions: Guy Carpenter