Industry News
Ex-Marsh Exec Ellis Signs on With AIG in Retail Property Leadership Role
A veteran Marsh executive is joining American International Group as head of Retail Property within its North America General Insurance division. Duncan Ellis is slated to take on his new AIG role in ...
W.R. Berkley Joins $10M Financing for Tremor, a Reinsurance ‘Smart’ Market Platform
W.R. Berkley Corp. is among the investors behind a new $10 million financing round for Tremor, a startup developing a reinsurance "smart" market platform. The Boston-based startup said that several ...
UK’s Prep for No-Deal Brexit Could Help Limit Economic Damage: BOE
The U.K.'s preparations for a no-deal Brexit may help to limit the damage to the economy, though the fallout will still be considerable, according to the Bank of England. Updating its assumptions, ...
Hurricane Dorian Menaces Florida Coast Next
Hurricane Dorian menaced the U.S. East Coast with devastating flooding and winds, lashing Florida after laying waste to the Bahamas in a brutal two-day battering that caused damage that may cost the ...
Executives On The Move at Aspen Insurance Holdings, TigerRisk and Guidewire
Aspen Insurance Holdings Ltd. named a new president. TigerRisk Partners hired a CEO for its London office. Guidewire Software, Inc. has a new leader, hired away from a product development role at ...
Zurich Pledges to Protect Consumer Data With Robust New Policy
Zurich Insurance Group is pledging to protect consumers' data through a new policy it claims will well exceed legal requirements. The carrier's goal with the effort is to boost transparency and ...
Hurricanes, Wildfires and More Will Drive January Reinsurance Renewal Rates Higher
Big insurance losses from hurricanes, wildfires and other natural disasters over the past two years are set to push reinsurance renewal rates higher in January, ratings agencies said. After falling ...
Taking the Digital Route to Lower Commercial Auto Losses
It's an unfortunate truth that commercial automobile insurance hasn't been a profitable line of business for years. According to industry reports, even though commercial auto rates increased for 31 ...