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RSA completes sale of Italian business

By: Sarah Veysey

Published January 04, 2016 - 10:19am CST

RSA Insurance Group has added RSA Italy to the list of businesses the firm has unloaded in recent months.

Munich Re calculates decrease in natural catastrophe losses for 2015

By: Sarah Veysey

Published January 04, 2016 - 10:11am CST

2015 was a better year than 2014, at least in terms of insurance losses from natural catastrophes.

Major event needed to disrupt pricing status quo

By: Mark A. Hofmann

Published January 03, 2016 - 12:01am CST

What would it take to turn the commercial property insurance market, which is now in its third year of rate cuts?

Management shakeups, mergers create opportunity

By: Judy Greenwald

Published January 03, 2016 - 12:01am CST

Insurance industry consolidation and turmoil in the executive ranks of some insurers could result in an even softer directors and officers liability insurance market as displaced underwriters find new capital to back them, say observers.

Intense competition could further soften D&O market

By: Judy Greenwald

Published January 03, 2016 - 12:01am CST

With continued excess capacity in the directors and officers liability market, insurance buyers are still enjoying flat or lower renewals, a trend that is expected to continue next year.

U.S. hopes to reach agreement with E.U. on equivalent standards for insurers, reinsurers

By: Mark A. Hofmann

Published January 03, 2016 - 12:01am CST

U.S. negotiators stand a reasonable chance of winning agreement with the European Union on so-called “covered agreements” that could lessen the burden on U.S. insurers and reinsurers doing business there, according to some observers.

Long-awaited Solvency II rules launch in E.U.

By: Sarah Veysey

Published January 03, 2016 - 12:01am CST

Most insurers across Europe will meet the long-awaited Solvency II risk-based capital requirements that come into force this month but it's still unclear whether the rules will change their long-term strategies.

Pricing for liability cover is stable

By: Matthew Lerner

Published January 03, 2016 - 12:01am CST

The Jan. 1 liability renewals market appears to be just a bit softer than last year with policyholders generally happy with their treatment as insurers move to secure key renewals, according to sources.

Property insurance pricing continues to soften

By: Mark A. Hofmann

Published January 03, 2016 - 12:01am CST

The current year-end property insurance renewal season looks a lot like last year's, except even better for risk managers.

2015 year in review

Published January 03, 2016 - 12:01am CST

From mergers and acquisitions to the widely loathed 'Cadillac' tax, Business Insurance takes a look back at the key insurance industry news stories of 2015.

North Texas hardest hit by weekend tornadoes, AIR reports

Published December 29, 2015 - 10:28am CST

Catastrophe modeling firm AIR Worldwide reports that the huge storm system that cut a wide swath across the U.S. over the Christmas weekend hit North Texas hardest, with at least nine tornadoes damaging as many as 1,450 structures.

December floods hit U.K. insurers for up to $2.23 billion

By: Sarah Veysey

Published December 29, 2015 - 9:12am CST

Widespread flooding in the United Kingdom in December likely will result in insured losses of between 1 billion and 1.5 billion ($1.48 billion and $2.23 billion), accountancy firm KPMG L.L.P. said.

Microcaptive tax-free limits rising to $2 million

By: Donna Mahoney

Published December 23, 2015 - 2:33pm CST

Used by many small businesses to help manage risks, microcaptives have seen their tax-free limits nearly double under legislation recently signed into law.

Workers comp insurer looks to expand outside of Colorado

By: Sheena Harrison

Published December 23, 2015 - 11:04am CST

Looking to change a 100-year-old business model, Colorado's state-chartered comp insurer of last resort looks farther afield.

Greece's Eurobank sells insurance unit to Fairfax

By: Thomson Reuters

Published December 22, 2015 - 2:26pm CST

(Reuters) — Greece's third-largest lender, Eurobank, agreed to sell an 80% stake in its Eurolife ERB insurance subsidiary to Canada's Fairfax Financial Holdings Ltd. for €316 million ($345 million) on Tuesday, deepening ties between the two firms.

Zurich North America forms captive insurer in Vermont

By: Donna Mahoney

Published December 22, 2015 - 11:31am CST

It seems Vermont will be adding another name to its list of 592 licensed captives.

"Home Alone" lessons from Lockton

Published December 22, 2015 - 10:47am CST

More than a hit movie, it's a primer for liability insurance.

Fed rate hike inconsequential, but insurers brace for more

By: Matthew Lerner

Published December 22, 2015 - 10:37am CST

"Surprisingly rapid" increases expected to follow quarter-point bump this month.

Fronting provider launches with $65 million to cover commercial lines

By: Mark A. Hofmann

Published December 22, 2015 - 8:14am CST

Clear Blue Financial is "available to write any line of business."

2015 Women to Watch

Published December 22, 2015 - 12:01am CST

Meet the Class of 2015, the 10th year Business Insurance has recognized Women to Watch.

Liberty Mutual unit to write property insurance in Spain

By: Donna Mahoney

Published December 21, 2015 - 2:39pm CST

A division of Liberty Mutual Holding Co. Inc. has started to write property insurance business from Madrid.

Gallagher joins with Chinese broker to launch reinsurer

By: Joyce Famakinwa

Published December 21, 2015 - 12:41pm CST

The international division of Arthur J. Gallagher & Co. said it has officially launched Jiang Tai Re with partner Jiang Tai Insurance Brokers Co. Ltd.

CEO named for Ironshore subsidiary

By: Mark A. Hofmann

Published December 21, 2015 - 11:56am CST

Anthony J. DeSantis, a former Farmers Group exec, to head Wright & Co.

2015 marked by management shifts at biggest insurers

By: Mark A. Hofmann

Published December 20, 2015 - 12:01am CST

Management changes at the highest levels of some of the world's largest insurers emerged as one of the biggest stories of the year.

Women leaders recognized for diversity efforts

By: Gloria Gonzalez

Published December 20, 2015 - 12:01am CST

NEW YORK — In celebration of the 10th anniversary of Business Insurance's Women to Watch awards, the magazine recognized three past honorees with Impact Awards for their exceptional contributions to diversity and inclusion in their industries.

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