U.S.
2017 Won’t be “Too Pretty” for U.S. P/C Insurance Earnings, S&P Warns
This year will be a turning point for the U.S. property/casualty (P/C) insurance sector, as rising claims outpace pricing and reserve releases materially decrease, but it will not be a "softer for ...
A.M. Best, Fitch Place AIG Under Review Over Anticipated Reserve Charge
American International Group won't be reporting its Q4 2016 financials until Feb. 14, but a disclosure about a "material adverse reserve adjustment" from the insurer for its U.S. commercial business ...
The Latest Launches From Hiscox and Brit Ltd.
Hiscox recently started selling a policy designed to give clients added crisis management services. Brit Ltd. unveiled a new Lloyd's consortium for yachts. *** Hiscox has started selling a Security ...
While Hurricane Matthew Hurt, RLI Ended 2016 With Healthy Combined Ratio
Losses from Hurricane Matthew helped contribute to RLI Corp.'s 2016 fourth quarter drops in property/casualty underwriting income. But the specialty insurer's combined ratio remained at healthy ...
Costco Wins Dismissal of Lawsuit Involving Slave Labor-Harvested Thai Shrimp
Costco Wholesale Corp. won dismissal of a lawsuit claiming it didn't disclose to customers that it was selling farmed shrimp from Thailand fed a diet of cheap fish caught at sea with unpaid, forced ...
Valen Analytics Sold to Much-Larger Insurity for Undisclosed Price
Valen Analytics has been acquired by Insurity, a Connecticut-based company that supplies software, data processing and analytics for property/casualty insurers. Neither side disclosed financial ...
Execs Handicap Changes Ahead of Presidential Inauguration
Executives On The Move at CNA and Chubb
CNA created a new executive position focused on integrating technology and operations, and hired an Axis Capital veteran to fill the job. Over at Chubb, the insurer hired a former Allied World senior ...