Industry News
Hallmark Financial Will Pursue IPO of Specialty Commercial Business Segment
Hallmark Financial Services Inc, plans to pursue an IPO of its Specialty Commercial business segment. The initial public offering involves a non-controlling ownership stake in the unit, and it will ...
Cyber Coverage Profit Pressures Grow as Rate Hikes Struggle to Keep Pace: Fitch
Choosing to write cyber coverage is becoming increasingly costly for property/casualty insurance carriers and rate hikes may not be enough to make up the difference, according to a new Fitch Ratings ...
Climate Change Law for Financial Firms Introduced in New Zealand, a Global First
New Zealand has become the first country to introduce a law that will require banks, insurers and investment managers to report the impacts of climate change on their business, minister for climate ...
AIG, Lemonade, Among Insurers Who Signed Letter Opposing Laws Restricting Voting Rights
A handful of insurance industry executives signed a letter from hundreds of major companies, corporate leaders and celebrities released on Wednesday stating opposition to laws restricting voting ...
Florida Property Lawsuits Encompass 76% of Insurer Litigation in U.S.: NAIC Data
New information from Florida's insurance regulator paints a stark picture of the extent of litigation facing the state's domestic insurers. The information comes as numerous stakeholders push for ...
EU Regulators Extend Until July 27 Their Deadline on Aon/WTW M&A Deal
European Union antitrust regulators have extended until July 27 the deadline for their decision on Aon's $30 billion bid for rival Willis Towers Watson, a European Commission filing showed on ...
Aon Launches Protection for COVID-19 Vaccine Shipments Through New Industry Collaboration
Global professional services firm Aon plc has introduced a new offering, through broad industry collaboration, that will provide supply chain protection for global COVID-19 vaccine shipments. Using ...
Chubb CEO Greenberg Reiterates a Call for Litigation Reform
Chubb Chairman and CEO Evan Greenberg is reiterating a call for litigation reform nationally and at the state level to address what he said is a "systemic" worsening of the legal environment and its ...