Specialty
Hallmark Financial Calls Off IPO Plans for Specialty Commercial Biz
Hallmark Financial Services, Inc. announced on Thursday that will no longer actively pursue a previously announced separation of its specialty commercial business segment and will not proceed with an ...
Everest Re CEO Andrade Wins Vote of Confidence and Contract Extension
Everest Re Group President and CEO Juan Andrade just got a big vote of confidence from his company's board of directors. Andrade's contract at the Bermuda-based insurer and reinsurer has been ...
Judge Overturns $4.5B Settlement Protecting Sackler Family From Opioid Lawsuits
A federal judge overturned a roughly $4.5 billion settlement that legally shielded members of the Sackler family who stand accused of helping fuel the U.S. opioid epidemic, a decision that threatened ...
Swiss Re Reorganizes Group Operations; Names Ladva as Group CTO
Swiss Re is appointing Pravina Ladva as group chief digital & technology officer and member of the group executive committee, effective Jan. 1, 2022. Group Chief Operating Officer Anette Bronder ...
Appeals Court Revives COVID-19 Healthcare Worker Mandate in 26 U.S. States
A federal appeals court on Wednesday revived in 26 U.S. states a COVID-19 mandate issued by President Joe Biden's administration requiring millions of healthcare workers to get vaccinated if they ...
Insurers Join Initiative to Slash Carbon Emissions From Global Shipping
Leading companies in the marine insurance industry have joined an initiative linking their underwriting activities with the cutting of carbon emissions from global shipping as pressure builds on the ...
Concert Group Launches New E&S Carrier; Gets A- Rating From Best
Concert Group Holdings Inc., a privately owned insurance holding company dedicated to insurance fronting business, announced the formation of a second company in the group—an excess and surplus ...
Swiss Re Estimates Global Insured Catastrophe Losses of $112B for 2021
Natural catastrophes caused global insured losses of $105 billion in 2021—the fourth highest since 1970, according to Swiss Re Institute's preliminary sigma estimate. This was up from $90 billion ...