Underwriting & Pricing
Praedicat Signs Swiss Re to New Liability Insurance Risk Modeling Platform
Praedicat, a liability catastrophe modeling company, released its new liability insurance risk modeling platform and says it has secured Swiss Re as its first licensee. The new platform, known as ...
The Hanover Expands Coverage for Small Business Owners
The Hanover Insurance Group Inc. has significantly enhanced its business owner's policy (BOP) base form and product offerings, adding coverages and endorsements, introducing equipment breakdown ...
U.S. E&S Results Crush P/C Industry as a Whole: Fitch Ratings
E&S underwriters continued to greatly outperform the U.S. P/C industry at large in terms of combined ratio in 2015, even though the sector takes up just a fraction of the overall market, Fitch ...
Small Commercial Market Outpaces Personal Lines Growth For U.S. Mutual Insurers
For U.S. property/casualty mutual insurers, growth in the small commercial market is outpacing personal lines growth, a trend driven by carriers' desire to remain competitive, A.M. Best said in a new ...
Self-Driving Cars Would Face 15 Benchmarks to Pass in Proposed U.S. Guidance
The Obama administration's proposed guidelines for self-driving cars, formally unveiled Tuesday, include 15 benchmarks automakers will need to meet before their autonomous vehicles can hit the road. ...
AIG Unloads Stake in Lloyd’s Business; Strategic Relationship Remains
American International Group will sell off its 20 percent stake in the carrier's Lloyd's of London insurance operations – it's latest restructuring move. But the insurance giant will keep an ...
Bespoke Coverage Could Help Reinsurers Dig Way Out of Profit Plunge
In a world of increasing automation and standardization, Europe's big reinsurers are betting that a more personal touch can reverse years of falling prices. Companies including Munich Re AG and Swiss ...
Lloyd’s Chairman to Reinsurers: Target Brokers’ Fees to Cut Costs
Reinsurers, forced to cut prices for four years in a row, should target brokers' fees as the industry seeks to reduce costs, according to Lloyd's of London Chairman John Nelson. The brokers need to ...