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AIG-driven venture targets small to medium enterprise market

By: Mark A. Hofmann

Published April 26, 2016 - 11:14am CST

AIG, Hamilton Insurance Group and affiliates of Two Sigma Investments will provide insurance for small to mid-sized companies.

Reading of the Riot Act limits Sony claims in U.K.

By: Sarah Veysey

Published April 26, 2016 - 11:09am CST

Property owners and their insurers cannot claim compensation for consequential loss under the U.K.'s Riot Act, a court says.

Ryan Specialty hires former AIG specialty marine execs

By: Joyce Famakinwa

Published April 25, 2016 - 2:11pm CST

Two former AIG marine specialists have taken the lead at Ryan Specialty's new specialty marine underwriting manager, Safe Waters.

Chubb expands environmental insurance coverage

By: Judy Greenwald

Published April 25, 2016 - 2:04pm CST

Chubb Ltd. on Monday said it has increased its environmental products distribution network to 48 branch offices from nine.

London Market Group names new chair

By: Mark A. Hofmann

Published April 25, 2016 - 11:04am CST

Nicolas Aubert on Monday succeeded Steve Hearn as chair of the London Market Group.

Millennials continue dive into insurance industry

Published April 24, 2016 - 12:01am CST

A new generation of future risk management professionals received a behind-the-scenes look at the business side of SeaWorld San Diego.

Surplus lines tax compact in jeopardy as Florida exits

By: Mark A. Hofmann

Published April 24, 2016 - 12:01am CST

The fate of the Nonadmitted Insurance Multistate Agreement remains murky at best in the wake of Florida's announcement that it will leave the surplus lines premium tax collection and allocation clearinghouse on June 1.

Insurers jostle for position in trying market

By: Gavin Souter

Published April 24, 2016 - 12:01am CST

Attractive insurance pricing is expected through 2016 as insurers reposition themselves in the commercial property/casualty market.

Lloyd's diversity survey shows firms making some progress

By: Sarah Veysey

Published April 24, 2016 - 12:01am CST

Businesses that operate at Lloyd's of London are making progress with diversity and inclusion initiatives, but the market remains male-dominated.

Insurer launches nursing home professional liability line

By: Joyce Famakinwa

Published April 22, 2016 - 1:39pm CST

Axis Capital Holdings Ltd. on Friday said Axis Healthcare has entered the nursing home professional liability market by bringing on underwriters Dave Stoner and Jason Correll.

Credit Suisse looks at covering risks with insurance bond: Source

By: Thomson Reuters

Published April 22, 2016 - 12:32pm CST

(Reuters) — Credit Suisse Group A.G. is trying to offload some of the risk it faces from events such as rogue trading and cyber crime by issuing a new type of insurance bond, a source familiar with the matter said on Friday.

Aspen profit limited by higher expenses, catastrophe losses

By: Rob Lenihan

Published April 22, 2016 - 11:55am CST

Aspen Insurance Holdings Ltd. on Friday reported that its first-quarter net income fell 10.6% to $114.4 million as the Hamilton, Bermuda-based insurer and reinsurer continued to re-examine its business.

Everest Re unit to cover credit and political risks

By: Joyce Famakinwa

Published April 22, 2016 - 9:37am CST

Everest Re Group Ltd. has launched a new credit and political risk business unit.

Week in pictures

Published April 22, 2016 - 9:36am CST

The earth moved, the water rained, hail fell and class-action deals piled up in the Business Insurance week in pictures.

Long-time insurance exec partners with Women in the Boardroom

By: Mark A. Hofmann

Published April 21, 2016 - 12:04pm CST

Women in the Boardroom said it has entered into a partnership with TL Schugel & Associates Inc., a Minneapolis-based consulting firm headed by insurance and reinsurance industry veteran Theresa Schugel.

New York names top insurance regulator

By: Joyce Famakinwa

Published April 21, 2016 - 11:52am CST

The New York State Department of Financial Services has named Scott Fischer as its executive deputy superintendent for insurance.

Japan, Ecuador earthquake insured loss estimates near $4 billion

By: Rob Lenihan

Published April 21, 2016 - 11:49am CST

Catastrophe modelers from AIR Worldwide and Risk Management Solutions issued loss estimates Thursday.

Insurance industry collaborates on development forum

By: Joyce Famakinwa

Published April 21, 2016 - 11:36am CST

The International Insurance Society on Thursday said it has formed the Insurance Development Forum, a collaboration between the United Nations, the World Bank Group and the insurance industry.

Former Zurich U.S. chief Riordan lands at XL Catlin

By: Mark A. Hofmann

Published April 21, 2016 - 10:09am CST

Daniel Riordan, who left Zurich last year, is now the new president of global political risk and trade credit at XL Group.

Hailstorms dent Travelers profit

By: Stephanie Goldberg

Published April 21, 2016 - 9:59am CST

Severe weather in the Dallas-Fort Worth area in March contributed to a 17.1% decrease in first-quarter net income for the insurer.

Specialist property MGA lures London market vet from retirement

By: Sarah Veysey

Published April 20, 2016 - 10:24am CST

London insurance market veteran Adrian Colosso has been appointed nonexecutive chairman of specialist property managing general agent Inet3 Ltd.

Business losses after a riot not covered by U.K. law

By: Sarah Veysey

Published April 20, 2016 - 10:23am CST

British property owners and their insurers cannot recover consequential losses suffered after a riot from the police department, the country's highest court ruled Wednesday.

Innovation Awards hone in on driver safety, workers comp and robotics

Published April 20, 2016 - 12:01am CST

Our Spotlight on Excellence video series takes a closer look at the 2016 Business Insurance Innovation Award winners.

Marsh appoints Bermuda leaders as Ezekiel retires

By: Joyce Famakinwa

Published April 19, 2016 - 4:22pm CST

Marsh IAS Management Services (Bermuda) Ltd. said on Tuesday that it has named Jill Husbands chairman of Marsh IAS Bermuda and Lawrence Bird head of office for Marsh IAS in Bermuda.

USI Insurance Services acquires agency

By: Joyce Famakinwa

Published April 19, 2016 - 3:26pm CST

USI Insurance Services L.L.C. said on Tuesday that it has acquired Toledo, Ohio-based Brooks Insurance Inc.

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