Industry News
Firms Race to Gather Data Proving Drone Deliveries Are Safe
United Parcel Service Inc's launch this week of drone test flights simulating emergency medical-supply deliveries highlights a race for data to prove such deliveries can be performed safely. UPS's ...
Executives On The Move at Chubb, Everest Re and Coface
Chubb appointed a new executive to its international general insurance business. Everest Re has a new vice president/head of E&S Casualty. Global trade credit insurer Coface grabbed a former ...
Former AIG Exec Farber Joins The Hanover as New CFO
A former AIG executive will join The Hanover Insurance Group as its new chief financial officer, filling a position made vacant nearly a year ago by the death of a long-time executive. Jeffrey Farber ...
Marsh: Demand Spikes in Europe for Environmental Impairment Liability Cover
There has been a marked increase in the number of companies purchasing environmental impairment liability (EIL) cover across Europe in recent years, mainly due to an increase in regulation and buyer ...
Consolidation Vaults Tokio Marine to List of Top U.S. Surplus Lines Groups: A.M. Best
The 2015 roundup of the top U.S. domestic surplus lines carriers is more of the same, blended with a key element - consolidation - that could portend greater changes in the roster to come. A.M. ...
Munich Re, Swiss Re Part of FEMA’s New $1M Reinsurance Launch for NFIP Risks
The Federal Emergency Management Agency is turning to the likes of Swiss Re and Munich Re for its first reinsurance program to help manage catastrophic costs from its debt-ridden National Flood ...
Three Google Self-Driving Vehicles Involved in Arizona Crashes
Google says three of its self-driving vehicles were involved in crashes in the Phoenix, Ariz. metro area in August. The California-based company says its drivers were manually controlling the ...
Lloyd’s of London Already Planning to Shift Some Businesses to EU
The Lloyd's of London insurance market is already working on plans to move some business to the European Union, aiming to be ready for the shift as soon as Britain starts divorce proceedings from the ...