Underwriting & Pricing
CEO Sees Google-like Player Taking Excess D&O to Nontraditional Capital Pools
Dinos Iordanou, the chief executive officer of Arch Capital, may not be working in the insurance industry when it happens, but disruption is coming for excess directors and officers liability and ...
XL Catlin Extends Global Property Insurance Capacity to $500M
XL Catlin has extended its global property insurance capacity by 25 percent to $500 million, available on a quota share or layered basis. In addition, in the U.S., the insurer offers capacity up to ...
Sompo International (Formerly Endurance) Will Grab Novae’s Financial Institutions’ Renewal Rights
Sompo International said its London market insurance platform will acquire Novae Syndicate Ltd.'s financial institutions renewal rights. Neither side is disclosing a specific purchase price. Through ...
Man and Machine: The Future of Insurance Work and Workforce
Early this year, news of a large Japanese insurance company replacing 34 of their employees with artificial intelligence (AI) sent shockwaves throughout the industry. While automation is nothing new ...
OneBeacon Pilots Uber Driver Injury Protection Coverage in 8 States
An arm of OneBeacon Insurance Group is piloting usage-based driver injury protection insurance for Uber rideshare drivers. The new policy, from OneBeacon Accident and Health, has an initial rollout ...
Toyota, MIT Media Lab Blockchain Partnership Could Help Set Insurance Prices
Toyota Research Institute, a wholly owned unit of Toyota Motor North America, said on Monday it has teamed up with MIT Media Lab and five other companies to explore blockchain technology for the ...
AIG Shareholders Have Yet to See Post-Bailout Financial Gains
Since its 2008 bailout, American International Group Inc. has delivered paydays for investment bankers, Warren Buffett and even departing executives. Shareholders? Not so much. AIG shares have lost ...
Catastrophes Drove Private U.S. P/C Insurers to $4.7B Net Underwriting Loss: ISO and PCI Report
Private U.S. property/casualty insurers lost big in 2016, with a $4.7 billion net underwriting loss driven, in part, by significantly higher catastrophe-related insured property losses, according to ...