News
James River Reserve Charge, ‘Strategic Actions’ Won’t Damage AM Best Rating
AM Best announced on Tuesday that the rating agency won't change the A- (Excellent) financial strength ratings for the operating subsidiaries of James River Group Holdings, Ltd., a day after the ...
EPA Power to Curb Carbon Emissions Questioned by Supreme Court
Conservative U.S. Supreme Court justices on Monday appeared skeptical of the federal government's authority to issue sweeping regulations to reduce carbon emissions from power plants in a case that ...
D&O Loss Ratios Unchanged by Rate Hikes: Supply Disruption to Fuel Suits
Directors and officers liability insurance premium rate hikes have not had the anticipated impacts on loss ratios that carriers had hoped for, AM Best reported Monday, citing the impact of social ...
Executives on the Move at Cowbell Cyber, Munich Re
Cowbell Cyber, an AI-powered cyber insurance provider for small-to-medium enterprises (SMEs), has appointed Kara Owens as its first chief insurance officer. She will oversee reinsurance partnerships, ...
Tech Bytes: New Partnerships at Swiss Re Corporate Solutions, Sensa, Shift Technology
Swiss Re Corporate Solutions and The Hartford entered into a strategic agreement that expands The Hartford's network of global partners, giving the company's multinational customers broader access to ...
Liberty Mutual Closes Deal for State Auto Group
Liberty Mutual Insurance said it completed the all-cash deal of about $1 billion for super-regional insurer State Auto Group. The transaction was originally announced in July 2021. Now that it gained ...
AIG Commits to Net-Zero Greenhouse Gas Emissions in Underwriting, Investment by 2050
American International Group said it is committed to achieving net-zero greenhouse gas emissions across its global underwriting and investment portfolios by 2050. AIG already made a commitment last ...
Cargo Ship Carrying Luxury Cars Sinks Off Portugal’s Azores
A burnt-out cargo ship carrying thousands of luxury cars, including Porsches and Bentleys, sank on Tuesday off the Portuguese Azores archipelago nearly two weeks after it caught fire, a port official ...