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Insurer to acquire remaining shares of subsidiary

By: Mark A. Hofmann

Published July 25, 2016 - 10:49am CST

National Interstate Corp. has entered into a definitive agreement with Great American Insurance Co.

Lloyd's insurer may establish E.U. arm to weather Brexit

By: Thomson Reuters

Published July 25, 2016 - 9:51am CST

Reuters — Lloyd's of London underwriter Hiscox Ltd. said it would consider setting up an E.U.-based insurance company to weather the possible effect of Britain's decision to leave the European Union, sending its shares to an all-time high.

XL Catlin names regional execs for U.S. West

By: Mark A. Hofmann

Published July 22, 2016 - 2:02pm CST

Mike Soper has joined XL Catlin as U.S. Western regional leader, the insurer announced Friday.

The BI Top 10

Published July 22, 2016 - 9:28am CST

The Justice Department's move to block health insurer mergers, confirmed Thursday, is among Business Insurance's top 10 most read features.

After 'Brexit' vote, Beazley unit seeks E.U. licenses in Ireland

By: Thomson Reuters

Published July 22, 2016 - 8:37am CST

Beazley is working to get European insurance licenses for its Irish reinsurance business to allow it to operate throughout the E.U.

Travelers profit drops on natural disaster exposures

By: Stephanie Goldberg

Published July 21, 2016 - 2:08pm CST

The insurer said second-quarter net income fell 18.2% due to losses from Canadian wildfires and severe storms in the United States.

CNA raises umbrella and excess liability limits

By: Joyce Famakinwa

Published July 21, 2016 - 12:23pm CST

CNA Financial Corp. on Thursday said it has increased limits for umbrella and excess accounts to $50 million.

Soccer club's stadium gets boost from insurer Allianz

Published July 21, 2016 - 10:01am CST

Austrian soccer club SK Rapid Wien has opened its 2016-17 campaign under the benevolent embrace of Munich-based insurer Allianz S.E.

Berkshire specialty unit adds to Canada offerings

By: Joyce Famakinwa

Published July 20, 2016 - 2:41pm CST

Berkshire Hathaway Specialty Insurance Co. on Wednesday said it has launched new executive and professional lines products for financial institutions in Canada.

Catastrophes cause $30 billion in insured losses in 2016 first half

By: Rob Lenihan

Published July 20, 2016 - 2:21pm CST

The Kumamoto earthquake in Japan was the costliest catastrophe in the first six months of 2016, Aon Benfield says.

Allianz offers transactional liability coverage in North America

By: Joyce Famakinwa

Published July 20, 2016 - 1:29pm CST

Allianz Global Corporate & Specialty S.E. has launched a transactional liability unit in North America to cover risks posed by mergers and acquisitions.

Allied World profit surges as investments rebound

By: Mark A. Hofmann

Published July 20, 2016 - 12:38pm CST

Allied World Assurance Co. Holdings A.G.’s net income for the second quarter of 2016 rebounded to $153.4 million compared with net income of $9.5 million during the same period in 2015, the insurer reported, reflecting in large part improvements in investment income.

Driverless cars could impact insurers

By: Thomson Reuters

Published July 20, 2016 - 10:48am CST

As Internet-connected and, eventually, driverless vehicles roll off production lines, traditional motor insurers need to adapt.

Berkshire Hathaway recruits M&A insurance team

By: Rob Lenihan

Published July 19, 2016 - 2:50pm CST

Berkshire Hathaway Specialty Insurance said Tuesday that it has assembled a team to write transactional liability insurance in the United States and Canada.

Axis estimates catastrophe losses for second quarter

By: Rob Lenihan

Published July 19, 2016 - 2:50pm CST

Axis Capital Holdings Ltd. on Tuesday said its preliminary estimate of second-quarter 2016 catastrophe and weather-related pretax losses is $104 million.

XL Catlin staffs up for Africa launch

By: Rob Lenihan

Published July 19, 2016 - 1:38pm CST

XL Catlin has set up a new reinsurance unit focused on providing facultative and treaty reinsurance across Africa.

Lloyd's syndicate closes shop in Singapore

By: Joyce Famakinwa

Published July 19, 2016 - 1:33pm CST

Atrium Syndicate 609 on Tuesday said that it will no longer write new business on its Singapore platform.

Berkshire specialty unit offers commercial output policy for inland marine

By: Joyce Famakinwa

Published July 18, 2016 - 1:47pm CST

Berkshire Hathaway Specialty Insurance Co. on Monday said it has launched a commercial output policy to round out its U.S. inland marine offering.

Specialty insurer names U.S. financial and professional lines leader

By: Joyce Famakinwa

Published July 18, 2016 - 1:20pm CST

Sompo Canopius A.G. on Monday said it has named Laurie Banez to the newly created role of head of U.S. financial and professional lines.

Businesses urged to prepare for extreme U.S. rain events

By: Rob Lenihan

Published July 18, 2016 - 10:58am CST

Firms should prepare now for the increased rainfall that a changing climate would likely cause, FM Global says.

Cyber policies start to show their limitations

By: Judy Greenwald

Published July 17, 2016 - 12:01am CST

Standardized language for cyber insurance is still in its early stages and policies can vary greatly in what they cover.

Global insurers get set for Brazil Olympics risks

By: Sarah Veysey

Published July 17, 2016 - 12:01am CST

About $1 billion of insurance is in place to protect athletes, organizers, sponsors and broadcasters at the 2016 Olympic Games.

Insurers optimistic on flood cover bill

By: Mark A. Hofmann

Published July 17, 2016 - 12:01am CST

Advocates for creating a role for private insurers in the U.S. flood insurance market remain hopeful that Congress will approve legislation designed to do just that before the end of the year.

UP CLOSE: Sean McPhillips

Published July 17, 2016 - 12:01am CST

NEW YORK-BASED SENIOR VICE PRESIDENT AND HEAD OF U.S. PRIMARY CASUALTY

Heavy 2015 M&A activity drove legal malpractice claims increase

By: Judy Greenwald

Published July 15, 2016 - 2:07pm CST

Legal malpractice claims increased in both frequency and severity last year, according to a survey issued by specialty broker Ames & Gough.

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