Industry News
Liberty Mutual Chairman and CEO Long to Retire at End of 2022
Liberty Mutual has announced that Chairman and CEO David H. Long will retire at the end of 2022. Timothy M. Sweeney has been chosen to succeed Long as chief executive officer effective January 2023. ...
House Committee to Hold Hearing on Soaring U.S. Traffic Deaths
A U.S. House of Representatives subcommittee on Wednesday is holding a hearing on soaring American traffic deaths and efforts to build safer roads. Last year, traffic deaths jumped 10.5 percent to ...
AXIS Exits Property Reinsurance to Focus on Specialty; Leadership Team Restructured
AXIS Capital Holdings Ltd. announced it has completed the shift of AXIS Re from property reinsurance to focus instead on casualty, specialty, accident and health, and credit lines. With the refocus ...
Hybrid Work Is Here to Stay for London Staff Who Don’t See Return to 5-Day Office Week
The verdict is in: Londoners enjoy and value working from home and don't see a future that includes a return to the old five-day office week, no matter what politicians, their bosses or the media ...
Supreme Court Refuses to Hear COVID Business Interruption Case
The U.S. Supreme Court decided Monday that it will not hear an appeal of a decision that denied coverage for losses caused by COVID-19 shutdown orders, effectively closing the last door for such ...
Executives on the Move at SiriusPoint, Chubb
Global specialty re/insurer SiriusPoint Ltd. announced two internal appointments to the company's Executive Leadership Team. Patrick Charles has been promoted to global head of Property and Casualty ...
The Latest Launches From Captain and Cloud to Street
Offering innovations to promptly respond to victims of natural disasters, fintech Captain and climate adaptation technology company Cloud to Street recently announced new product ...
Cyber Continues as Outlier in Otherwise Stabilizing Commercial P/C Market: USI
A mid-year update on the commercial property/casualty market from USI Insurance Services is the latest to report rate stabilization in most lines of business — except for cyber. The cyber insurance ...