News
Sompo International Rolls Out European Specialty Insurance Underwriting Division
Sompo International is launching a new European specialty insurance underwriting operation. The Bermuda-based specialty provider of property/casualty insurance said the division initially will focus ...
More Winter Storms Will Pound the East Coast This Week
Winter isn't done with the Northeast just yet. For the second time in a week, a storm promises to barrel along the East Coast, bringing snow to New York and pounding coastal areas still cleaning up ...
VW Catches a Break: U.S. Judge Dismisses Bondholder Suit Over Excess Emissions
A U.S. judge late Friday dismissed a lawsuit filed by institutional investors who purchased bonds from Volkswagen AG's U.S. unit and claimed the automaker had made false and misleading statements ...
Drugmakers Reduce Opioid Marketing as Hundreds of Lawsuits Up Pressure
Purdue Pharma LP's decision to stop promoting its opioid drugs to doctors is being hailed as the first result of a judge's push for concrete solutions to a nationwide epidemic, even though the ...
XL Group CEO McGavick Comments on AXA Acquisition Agreement
XL Group CEO Mike McGavick has issued the following statement to clients and brokers in response to today's announcement that XL has entered into an agreement to be acquired by French insurer AXA. ...
France’s AXA to Acquire P/C Insurer XL Group for $15.3B
AXA SA agreed to buy XL Group Ltd. for $15.3 billion in cash, seeking to capture a bigger slice of the U.S. property and casualty market as premiums rise after last year's natural disasters. The ...
Insurers Pursuing IT Transformations Must Up Their Recruiting Game
Insurance industry demand for talent in areas such as big data will likely "exceed available supply by a factor of four," according to a new blog posting from McKinsey & Company. That reality ...
NAMIC CEO Chamness Sounds Off on Flood Insurance and Disaster Relief Reform
Reform of the National Flood Insurance Program remains an unresolved issue. Congress must reauthorize the debt-ridden Federal Emergency Management Agency-managed program by March 23. It already has ...