specialty insurance News
Natural Catastrophes Dent Allianz’s Net Income; Full-Year Profit Target Remains
Allianz SE is sticking with its full-year profit target as improving returns offset a jump in losses from natural catastrophes. The insurer reiterated an operating profit target of 10.3 billion euros ...
Allianz Arm Grows Tuition Protection Coverage for Colleges, Universities
A division of Allianz is expanding its tuition protection coverage for colleges and universities. Allianz Global Assistance USA said it will partner with schools to provide students ways to boost ...
OneBeacon to be Acquired by Canada’s Intact Financial for $1.7B
Canada's largest property/casualty insurer, Intact Financial Corp., has agreed to acquire U.S. specialty insurer OneBeacon from White Mountains Insurance Group for US$1.7 billion. The merger will ...
Liberty Mutual Reorganizes Global Specialty Business After Closing $3B Ironshore Purchase
Liberty Mutual Insurance has closed its $3 billion acquisition of specialty lines insurer Ironshore Inc. from China's Fosun International, and will make some organizational changes to accommodate its ...
Expect Technology to Become Significant Driver of Future Liability Claims: Allianz Report
Technology is expected to be a major driver of liability claims in the years ahead – cutting frequency and increasing new threats such as cyber, product liability and recall risk, according a ...
The Latest Launches From AXIS and Willis Towers Watson
AXIS Capital Holdings launched a new flexible management liability insurance policy targeted to privately held companies. Willis Towers Watson came out with a product designed to address cyber ...
Bedbugs Help Drive Increase in U.S. Animal-Related Insurance Claims
Bedbugs in hotel rooms and aggressive peacocks are some of the creatures behind an uptick in animal-related insurance claims filed by U.S. businesses, according to a study published on Thursday by ...
Markel Moves to Build Trade Credit Business in Canada
Markel International, the specialist insurer and subsidiary of Markel Corp., is launching its trade credit and political risk business in Canada. Markel Canada will handle underwriting for this on ...