Industry News
Former Chubb Exec Collura to Lead Everest Re’s New Private Company/Nonprofit Business
Everest Re Group Ltd. has formed a Private Company/Not-for-Profit business segment (Private/NFP) within the Everest Specialty Underwriters unit of Everest Insurance. The new business segment will fit ...
Crop Insurance Market Consolidation Shows No Sign of Stopping: Conning
Crop insurance was once a sector full of smaller players, but an M&A-driven push for efficiency and scale has left it dominated by fewer and larger carriers, and Conning predicts a continuation ...
VW Will Cough Up $69M to Settle Emissions Suits in New Jersey
Volkswagen AG confirmed on Tuesday it has agreed to pay $69 million to settle New Jersey state diesel emissions claims, one of the last major outstanding diesel legal issues the German automaker ...
The Latest Launches From Chubb, BHSI, Allstate and Beazley
Berkshire Hathaway Specialty Insurance launched a new policy in Canada that combines cyber liability and breach response coverage, along with risk management resources. Allstate's Business Insurance ...
Chubb Establishes Small Commercial Division for Asia Pacific Region
Chubb established its new Small Commercial Division for the Asia Pacific region, with a focus on risk management needs of small- and medium-sized businesses. Jason Keen, Chubb's regional head of ...
Cyber Insurance Market Will Near $17B by 2023: P&S Market Research
The global cyber insurance market, valued at $3.4 billion in 2016, is forecasted to reach nearly $17 billion by 2023, growing at a compound annual growth rate of more than 20 percent from 2017-2023, ...
Travelers Plans to Stick to Current ‘Prudent’ Cyber Insurance Growth Rate
Travelers Cos Inc plans to stick to its recent growth pace for sales of cyber insurance, which protects businesses against hacking and other liabilities, despite potential to boost it, as the insurer ...
The Latest Launches From AIG and Guidewire
AIG and a new partner will work on improving technology for investment portfolio data management. Guidewire Software rolled out enhancements to its InsurancePlatform product, changes designed to help ...