Industry News
Executives On The Move At W.R. Berkley and BHSI
W.R. Berkley Corp. gave the head of its Berkley Re Asia operations some added new responsibilities as part of a reorganization. Berkshire Hathaway Specialty Insurance appointed a former Chubb ...
Aon and Willis Towers Watson Abandon $30B Merger Deal; DOJ Suit Halted Momentum
Aon plc and Willis Towers Watson announced that the firms have agreed to terminate their business combination agreement and end litigation with the U.S. Department of Justice. The proposed ...
Kin CEO Harper Views SPAC Deal as ‘Time-Efficient’ Expansion Tool
Kin Insurance co-founder and CEO Sean Harper is aiming for the big leagues for his company, an InsurTech home insurance startup focused initially on catastrophe-prone regions. He envisions Kin, which ...
Carriers, InsurTechs Plot a Complicated Return to the Office
After more than 17 months of working from home due to COVID-19 safety concerns, many carriers and InsurTechs are planning a collective return to the office. The pandemic isn't over yet, of course, ...
Chubb Establishes Aviation Hub in Canada
Chubb announced that it has set up an aviation hub in Canada to develop further its domestic general aviation and non-major aerospace business. The Canadian Aviation hub is part of a new regional ...
Risk Alerts: Solar Panel Waste and Carcinogens
Is the U.S. heading toward a solar panel waste crisis? U.S. home installations of solar panels have rebounded after a pandemic slump, and analysts expect the capacity to quadruple in the next 10 ...
Chubb CEO Greenberg, Others Testify Before U.S. Senate Panel on Insuring Pandemic Risk
New Jersey business owner Adenah Bayoh told a U.S. Senate committee hearing on Wednesday she paid about $275,000 a year to insure her group of restaurants, only to discover the limits of her policy ...
W.R. Berkley Grows Premium Rapidly in Q2, Crediting Rate Adequacy, Improving Economy
W.R. Berkley Corp. reported net premium growth exceeding 27 percent and a combined ratio under 90 for the 2021 second quarter, positive results the commercial lines insurer and reinsurer attributed ...