Industry News
Two Berkshire Hathaway Units Settle in California ‘Bait and Switch’ Insurance Probe
Two insurance units of Warren Buffett's Berkshire Hathaway Inc have agreed to lower their rates and provide more disclosures to settle claims that they overcharged small business owners in California ...
AmTrust to Sell National General Shares for $211.7 Million
AmTrust Financial Services agreed to sell more than 10 million shares it owns in National General Holdings Corp for $211.7 million, a move the specialty property/casualty insurance holding company ...
Cyber Liability Rate Renewals Dipped in Q1 as Coverage Capacity Soars: Marsh
Cyber coverage has been a rapidly growing business segment for P/C insurers for years. But much more capacity may have led to this: U.S. cyber liability renewal rates declined during the 2017 first ...
$3 Billion: May’s Insurance Bill for Severe U.S. Weather Outbreaks
Public and private insurers forked over nearly $3 billion to cover claims related to severe weather outbreaks in the U.S. for May. Overall aggregated economic losses: more than $4 billion, Aon ...
Executives On The Move at XL Catlin, Ironshore and Willis Towers Watson
XL Catlin promoted an executive to lead its international environmental arm. Ironshore hired a new executive in Australia. Willis Towers Watson appointed an executive to guide its global risk ...
El Nino’s Odds Keep Dropping; Active Atlantic Hurricane Season Now More Likely
Forecasters again lowered the odds of El Nino forming by year's end, a scenario that may mean more Atlantic hurricanes at a time when federal agencies charged with predicting and responding to ...
CEO Sees Google-like Player Taking Excess D&O to Nontraditional Capital Pools
Dinos Iordanou, the chief executive officer of Arch Capital, may not be working in the insurance industry when it happens, but disruption is coming for excess directors and officers liability and ...
XL Catlin Extends Global Property Insurance Capacity to $500M
XL Catlin has extended its global property insurance capacity by 25 percent to $500 million, available on a quota share or layered basis. In addition, in the U.S., the insurer offers capacity up to ...