Industry News
Chubb Makes Cyber Risk a Global Standalone Business; Focus Will Be on Next-Gen Needs
Chubb is making its Cyber Risk practice a standalone business and bringing in an executive from a D.C.-area management consulting firm to lead it. Bill Stewart is the new division president of ...
Connecticut Insurers: Homes Must Fall Down to Be Eligible for Coverage
Connecticut residents whose home foundations are crumbling face a perplexing problem with their insurance policies: The damage won't be covered unless their homes collapse. More than two dozen ...
Insurance Could Slash Billions From Poor Nations’ Natural Disaster Bills
New types of insurance could cut the costs of natural disasters for poorer countries and reduce the amount of humanitarian aid needed, according to a report commissioned by Britain's international ...
Pending EU Rules Should Spur International Cyber Insurance Market Growth: A.M. Best
The European Union's looming General Data Protection Regulation (GDPR) will require mandatory notification of serious data breaches and potentially massive fines for failure to comply. That's the bad ...
The Latest Launches From The Hartford, The Hanover Insurance Group and More
The Hartford is eyeing nonprofit groups with new features added to its flagship management liability offering. Separately, The Hanover Insurance Group beefed up an important product with new ...
An Expensive Cup of Coffee: The Backstory of Sompo-Endurance Deal
FROM THE ARCHIVES: A VINTAGE CARRIER MANAGEMENT ARTICLE FROM 2017 "We were just two guys moaning away actually about the markets," said Nigel Frudd, head of Global M&A and group counsel for ...
Trump Factor Playing Huge Role in Stalling Insurance M&A
With a climate of uncertainty surrounding the political scene in the United States, particularly with respect to tax reforms promised by the new administration, insurance industry merger and ...
RMS Expands Model Suite for Asia-Pacific Typhoon, Earthquake
Risk modeling and analytics firm RMS has substantially expanded its suite of offerings for the Asia-Pacific region, adding typhoon models for South Korea and Taiwan as well as earthquake models for ...