Industry News
EU Urges UK PM May to Endorse Permanent Post-Brexit Customs Union
European Union Brexit negotiator Michel Barnier said on Monday British Prime Minister Theresa May should endorse a permanent customs union with the bloc - as proposed by the opposition Labour party - ...
Executives On The Move at AIG, Holborn Corp. and the Global Insurance Accelerator
AIG picked a new head of communications for its Investments organization. Holborn Corporation hired a veteran Gen Re executive. The Global Insurance Accelerator brought on a new executive who will ...
Behind every commercial or residential property in a regional insurer’s portfolio are people relying on their carrier to remain resilient...
Job Losses Expected as AXA XL Merges European Teams
AXA's $15 billion acquisition of XL Group last fall will lead to further integration, consolidation and job cuts, according to a draft plan the company released on Feb. 12. The M&A deal between ...
Who Will Cover Gig Workers for Injuries on the Job?
The rise of an on-demand economy once threatened to put workers compensation insurers in the hot seat, in large part because the question of how the sector could, or should, cover these individuals ...
Executives On The Move at Chubb and AXIS Capital Holdings
Chubb promoted from within to fill a newly created position covering continental Europe. A former AIG executive is joining AXIS Capital Holdings Limited as head of Underwriting and Portfolio ...
Berkshire Hathaway Launches New Multiple Coverage Insurance for Small Businesses; Buffett Endorses
Berkshire Hathaway's Insurance Group is launching a new comprehensive insurance product for small businesses that combines multiple coverages, and the conglomerate's legendary chairman has endorsed ...
The Latest Launches From Beazley and Sompo International
Beazley started marketing coverage designed to protect banks and other lenders from pollution risks that could harm the value of property used as collateral for commercial loans. Sompo International ...
CNA Says More Rate Hikes to Come After $84M Q4 Net Loss
CNA Financial Corp. lost $84 million in its 2018 fourth quarter, a result the Chicago-based property/casualty insurer blames on poor investment returns and catastrophe losses. At the same time, CNA ...