U.S.
AXA Extends Climate Change Policy to Newly Acquired XL Division
AXA, France's biggest insurer, has extended its climate change policy to its recently acquired XL division, joining a growing list of European insurers that have taken action to help to tackle global ...
California Utility Won’t Escape Wildfire Liabilities With Option It Seeks
PG&E Corp., suspected of starting California's deadliest wildfire, may soon get help from state lawmakers -- just not the help it most wants. As early as Dec. 3, a lawmaker plans to introduce a ...
Picture an experienced underwriter who’s spent 30 years building carrier relationships, spotting risks others miss, and mentoring producers. Over the...
EU Leaders Endorse May’s Brexit Deal, Urge UK Parliament to Also Approve
European Union leaders finally sealed a Brexit deal on Sunday, saying the package agreed with Prime Minister Theresa May was the best Britain will get in a warning to the British parliament not to ...
U.S. P/C Industry Nine Month Results Continue Rebound Toward Big Profits: A.M. Best
The U.S. property/casualty insurance industry's net underwriting income has so far swung from a massive loss in 2017 to substantial profit, according to a new A.M. Best report. Carriers booked $3.5 ...
Startup Understory Raises $7.5M; Produces Weather Data for Insurers, Others
Understory, a producer of weather and related analytics data for insurers and others, raised $7.5 million in new financing designed to help propel an international expansion. The Wisconsin-based ...
Anbang Insurance Reportedly Hiring Bank of America to Sell U.S. Luxury Hotel Group
Anbang Insurance Group Co. has hired Bank of America Corp. to help sell a portfolio of U.S. luxury hotels formerly known as Strategic Hotels & Resorts Inc. as it continues to reverse a global ...
Global Property, Mortality Protection Gap Hits $500B: Swiss Re
Households and businesses face a $500 billion global property and mortality protection gap, according to Swiss Re's latest sigma study. Swiss Re's report said that the figure illustrates increasing ...
Executives On The Move at The Hartford, Arch Insurance, Guy Carpenter and American Financial
Arch Insurance made a number of new executive appointments. The Hartford appointed a former Liberty Mutual executive to lead its Small Business Innovation Lab. Guy Carpenter is getting a new ...