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Subscriber only, premium content. Thursday, March 5


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Property/casualty insurance rates up 1% in February

By: Bill Kenealy

Published March 05, 2015 - 2:59pm CST

Property/casualty insurance rates were up 1% on average in February, Dallas-based electronic insurance exchange MarketScout said Thursday.

XL auto insurance form targets commercial vehicles

By: Shelby Livingston

Published March 04, 2015 - 2:09pm CST

XL Group P.L.C. has launched a primary auto insurance form targeting trucking, public auto and commercial auto risks, the insurer announced Wednesday.

Travelers wrote most workers comp insurance in 2014

By: Stephanie Goldberg

Published March 04, 2015 - 12:45pm CST

Travelers Cos. Inc. was the largest workers compensation insurer in the nation last year, followed by Hartford Financial Services Group Inc. and American International Group Inc., according to market-share data released by the National Association of Insurance Commissioners.

ISO cyber options introduced for small- to medium-size business owners

By: Judy Greenwald

Published March 03, 2015 - 3:16pm CST

Two optional cyber endorsements for small and midsized businesses become available this month, said Verisk Analytics Inc.’s Insurance Services Office, in a statement Tuesday.

AIG former CEO remembered for leading the insurer’s revival

By: Mark A. Hofmann

Published March 03, 2015 - 10:16am CST

Former American International Group Inc. President and CEO Robert H. Benmosche, who died Friday in New York after battling cancer for five years, will go down in history as the executive who led the well-documented turnaround of the insurance giant.

Amlin stumbles on reduced investment results

By: Sarah Veysey

Published March 02, 2015 - 10:04am CST

Amlin P.L.C. posted pre-tax profit of 258.7 million ($399.3 million) for 2014, down 21% from 2013, in a more challenging trading environment, according to its CEO Charles Philipps.

Drone insurance cover set to take off

By: Judy Greenwald

Published March 01, 2015 - 6:00am CST

Insurers are eager to provide coverage for unmanned aerial vehicles, commonly known as drones, now that the Federal Aviation Administration has issued long-awaited proposed regulations for commercial use.

Former AIG chief Robert Benmosche dies at 70

By: Mark A. Hofmann

Published March 01, 2015 - 6:00am CST

Former American International Group Inc. President and CEO Robert H. Benmosche, who had battled cancer for five years, died Friday in New York. He was 70.

London market consolidation keeps rolling

By: Matthew Lerner and Sarah Veysey

Published March 01, 2015 - 6:00am CST

Continued consolidation in the London market is being driven by the changing needs of customers and brokers, along with tighter capital rules for underwriters.

2015 Innovation Awards: Zurich Insurance Group Ltd.

By: Sarah Veysey

Published March 01, 2015 - 6:00am CST

https://www.zurich.com

2015 Innovation Awards: Marsh L.L.C.

By: Judy Greenwald

Published March 01, 2015 - 6:00am CST

usa.marsh.com

Ex-AIG leader Benmosche dies at 70

By: Mark A. Hofmann

Published February 27, 2015 - 1:20pm CST

Former American International Group Inc. President and CEO Robert H. Benmosche, who had battled cancer for five years, died Friday in New York. He was 70.

FM Global's 2014 net income down 6.2% from prior year

By: Mark A. Hofmann

Published February 27, 2015 - 1:10pm CST

FM Global's 2014 net income fell 6.2% from that of a year earlier to $956.4 million, the mutual insurer reported Friday.

Allianz earnings and dividend disappoint, shares down

Published February 26, 2015 - 9:21am CST

(Reuters) — German insurer Allianz S.E. raised its dividend less than expected after earnings in its core property/casualty insurance businesses lagged and asset management stalled following client defections at its U.S. unit Pimco.

QBE bounces back to profit after cost cutting, unit sales

By: Sarah Veysey

Published February 24, 2015 - 10:04am CST

QBE Insurance Group Ltd. swung back into profit in 2014 on lower revenues following a turnaround program that included cost cutting and the sale of various units.

Axa employee benefits unit to target smaller businesses

By: Matt Dunning

Published February 24, 2015 - 9:56am CST

Axa S.A. will launch a U.S.-based employee benefits business later this year to serve small and midsize companies, the French insurer said.

Catlin tops London broker satisfaction survey

By: Sarah Veysey

Published February 24, 2015 - 9:47am CST

Catlin Group Ltd. was the London market insurer that provided claims brokers the greatest net satisfaction with claims service and standards in 2014, according to a study by London-based Gracechurch Consulting.

Ironshore International taps Catlin exec to oversee Asia-Pacific region

By: Shelby Livingston

Published February 23, 2015 - 12:24pm CST

Ironshore International Ltd. on Monday said it has named former Catlin Singapore Pte. Ltd. executive Hui Yun Boo to the newly created position of managing director of the Asia-Pacific region, effective March 2.

Lloyd's of London insurer Novae promotes executives

By: Shelby Livingston

Published February 23, 2015 - 12:17pm CST

Novae Group P.L.C. has promoted Jo Butcher to chief executive of Novae Syndicates Ltd., the Lloyd’s of London insurer said Monday.

Freeze-up prevention checklist

Published February 19, 2015 - 1:55pm CST

Freeze, accompanied by extreme winter weather, can collapse roofs, rupture pipes, flood property, and halt production. FM Global offers tips on how to prepare for frigid conditions and avoid costly damages and business interruption.

Hurricane Sandy settlement lawsuits delayed in favor of negotiations

Published February 19, 2015 - 9:41am CST

(Reuters) — A federal court in New York has indefinitely suspended a hearing over lawsuits that accuse insurers of doctoring reports on home damages caused by Hurricane Sandy.

Ex-Hartford leader Liam McGee dead at 60

By: Mark A. Hofmann

Published February 17, 2015 - 10:17am CST

Hartford Financial Services Group Inc. former Chairman, President and CEO Liam McGee died at the age of 60 on Feb. 13.

Lloyd's insurer Brit snapped up for $1.88 billion

Published February 17, 2015 - 9:02am CST

(Reuters) — Fairfax Financial Holdings Ltd., the Canadian property and casualty insurer run by contrarian investor Prem Watsa, said it would buy Brit P.L.C. for about $1.88 billion to become one of the top five underwriters on the Lloyd's of London market.

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