U.S.
A.M. Best, Blaming Fosun Merger, Places Ironshore Under Review With Negative Implications
Plans for Ironshore Inc. to be fully absorbed by China's Fosun International Ltd. in a $1.84 billion merger have caught the eye of A.M. Best, which is placing the Bermuda-based insurer under review ...
PURE Starts Offering Workers Comp in Florida For Members’ Domestic Employees
Privilege Underwriters Reciprocal Exchange (PURE) is introducing workers compensation insurance for domestic employees of its members who live in Florida. Eligible employees include those who care ...
The Hanover Launches Business Cyber Attack Coverage; Q2 Net Income Soars
The Hanover Insurance Group is targeting small to mid-sized businesses with new coverage options designed to protect them from data breaches and cyber attacks. These are enhancements for business ...
Swiss Re CFO: With European M&A Rising, Insurers Shouldn’t Overreach
Europe's insurers need to think carefully before making acquisitions, Swiss Re Chief Financial Officer David Cole said. Stricter capital rules under Solvency II, which come into force next year, will ...
Executives On The Move at QBE, Arch Capital, Validus Re and More
We have a number of executive appoints to tell you about form Arch Insurance Group, Validus, QBE and Novarica: *** Arch Insurance Group named a Starr Companies executive and AIG veteran as a senior ...
Auto Insurers Setting Premiums May Treat Risky Borrowers Worse Than Drunk Drivers
A customer's credit score may matter more than a drunken-driving conviction for auto insurers setting premiums, Consumer Reports said, citing a review of price quotes in the U.S. from more than 700 ...
Higher Premiums Push SCOR’s Q2 Profit Higher By Double Digits
SCOR SE, France's largest reinsurer, said second-quarter profit rose 26 percent as the stronger dollar helped push up premium growth. Net income climbed to 152 million euros ($168 million) from 121 ...
Berkshire Hathaway Specialty Insurance Debuts Professional Liability Coverage For U.S. Bankers
Berkshire Hathaway Specialty Insurance is rolling out professional liability insurance for bankers in the U.S. The new coverage, dubbed Professional First Bankers Professional Liability Insurance, ...