Industry News
The Latest Launches From Guy Carpenter, W.R. Berkley, Swiss Re and Liberty Mutual
Guy Carpenter said it is offering new services to clients who are members of U.S. public entity insurance pools. Berkley One has introduced a new excess flood product, among other product updates. ...
U.S. P/C Insurers Should See Small Underwriting Profit Gains for 2020: Fitch
The U.S. property/casualty insurance sector should see small improvements in underwriting profits in 2019 and 2020, thanks largely to commercial lines price increases, Fitch Ratings predicts in a new ...
Saudi Aramco Reportedly Pursuing Insurance Against War/Terror Attacks
Saudi Aramco is looking to buy insurance against war and terror attacks after a damaging drone and missile attack on some of its oil facilities in September, two sources told Reuters. Aramco, the ...
Executives On The Move at Chubb and Berkshire Hathaway Specialty Insurance
Chubb's Bermuda operations hired a new Head of Excess Liability. Berkshire Hathaway Specialty Insurance fleshed out its global surety team with a new hire in Canada.
AI, Machine Learning Increasingly Embraced by U.S. Carriers: LexisNexis
Artificial intelligence and machine learning are increasingly embraced by U.S. carriers as they seek to remain competitive and modernize their operations, a new LexisNexis Risk Solutions study has ...
Octo Telematics Deepens Connected Car Focus With Nebula Systems Acquisition
Italy's Octo Telematics has acquired Nebula Systems, Ltd., a UK-based company that develops advanced cloud-based technologies for the automotive and connected car industries. The acquisition brings ...
P/C Insurance Market Typically Soft, Analysts Say
Property/casualty insurance carrier executives are challenged to predict the likely state of the market as they shape go-forward strategies for their companies. While 2020 may be a bit off course, ...
Chubb, QBE North America Vet Grange Joins Argo Group in Leadership Role
Argo Group International Holdings has hired Chubb and QBE North America veteran executive Jeff Grange in a leadership role. Grange will serve as executive vice president for U.S. operations at the ...