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ACE Ltd. shocked the industry with news earlier in July that it would pay $28 billion in cash and stock for Chubb Corp., an industry rival. But it's only the latest in a series of M&A moves in ...
W.R. Berkley Corp. is launching Berkley Construction Professional Liability Underwriters, yet another expansion of its specialty coverage offerings. The new unit will offer professional liability, ...
We have executive promotions and hires to tell you about at Allianz, Aspen, Cooper Gay Swett & Crawford and RMS: *** Allianz Group said it has brought on Bernard McNulty to be head of claims in ...
Allianz, Unipol Group and other international insurance players are participating partners in a new "bootcamp" launched in the U.K. for industry startups. An underlying goal: to propel innovation, ...
Beazley has a new coverage endorsement addressing fraud that happens when a company is convinced to transfer funds to an outside party due to criminal impersonation. The specialist insurer said the ...
A sizable majority of insurers aren't ready for the arrival of autonomous vehicles, even as their development and testing accelerates, KPMG determined in a new survey. The audit, tax and advisory ...
Allstate said it handled estimated pre-tax catastrophe losses for May that reached $178 million, the bulk of which came from four severe weather events. The number actually hit $180 million, pre-tax ...
We have new executives promotions to tell you about from Aspen Re, the Navigators Group, Ironshore, AEGIS London and Allianz. *** Aspen Re hired on a RenaissanceRe executive as its new head of ...
Property/casualty insurers have responded positively to the soaring interest in and use of commercial drones, even as global regulators struggle to keep up with the nascent industry, Marsh asserted ...
After two years of reinsurance price decreases averaging 15 percent on U.S. property catastrophe placement, risk-adjusted pricing moderated at the latest June 1 renewals, Guy Carpenter said. "Many ...
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