News
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 ...
InsurTech: Win-Win for Insurance Distribution Chain and Carriers
Fears about InsurTech startups disrupting the property/casualty insurance industry in ways that will undermine the distribution system and adversely impact underwriters are growing along with the ...
Markel Combines Wholesale and Global Arms Into Single Unit, With Efficiency in Mind
Markel Corp., in a bid to boost innovation and competitiveness, combined its Wholesale and Global arms into one entity to be known as Markel Assurance. Wholesale consists of excess and surplus lines ...
Speaking Your Mind on Twitter May Require Libel Insurance
Courtney Love spent almost six years in litigation accused of libeling her former attorney in a Twitter post that was visible for less than 10 minutes. She paid a reported $780,000 in settlements as ...
W.R. Berkley Makes Entertainment/Sports, Environmental Into Separate Operating Units
W.R. Berkley Corp. said it has formed two new independent operating units out of what was one division. The commercial lines insurer and reinsurer said Berkley Entertainment & Sports and Berkley ...
Harassment Probe Leads Uber to Fire 20 Employees
Uber Technologies Inc said on Tuesday it fired 20 employees and was improving management training following an investigation by a law firm into sexual harassment allegations and other claims at the ...
CNA UK Specialty Division Will Establish Post-Brexit Subsidiary in Luxembourg
CNA Hardy said it will launch a European subsidiary in Luxembourg beyond its London headquarters, a move intended to continue open access to the EU market in the wake of last year's Brexit vote in ...
S&P Bumps AIG’s Rating Outlook Down to Negative, Despite New Leadership
American International Group made a big move recently in hiring Brian Duperreault to lead the struggling insurance giant, but Standard & Poor's was not impressed. The ratings agency revised its ...