Driscoll at Validus agreed. “If you have a good relationship and you have a good product, you can get business at any tier,” he said. O’Donnell joked that many companies think of themselves as Tier 1. “The first way companies define Tier 1 is by looking in the mirror,” he… Continue Reading Reinsurers Welcome Rate Stabilization: S&P-PwC Bermuda Reinsurance Forum

According to Zirra.com Ltd., an Israeli company that analyzes the private tech market, Nexar has a number of competitors. They include Israel’s Anagog Ltd., that also alerts drivers to traffic conditions, and California-based Civil Maps, which uses AI and local vehicle-based processing to convert car sensor data into mapping information.… Continue Reading Next Big Car Safety Feature Could be This Smartphone Camera App

XL Catlin insurance companies offer property, casualty, professional, financial lines and specialty insurance products globally. Includes a broad definition of terrorism including coverage for acts perpetrated for political, religious and/or ideological purposes; Provides an option for political violence peril coverage – addressing the perils of war, civil war, coup d’etat,… Continue Reading XL Catlin Adds Terrorism & Political Violence Coverage to Property Program

About Denise Johnson Denise Johnson is editor of claimsjournal.com. More from Denise Johnson “Are they? How does that get insured? Who’s paying the claim if there is a claim? Airbnb just got sued recently for discrimination. Is it Airbnb’s liability? Is it the homeowner’s liability? This is a really gray… Continue Reading Sharing Economy Requires More Sharing Between Underwriting, Claims

CNA’s insurance products include standard commercial lines, specialty lines, surety, marine and other property and casualty coverages. IGH is a sponsored program of the Community Association Institute (CAI). Coverage provided by CNA $1 million, $2 million, $5 million, $10 million and higher limits available Follow form excess over CNA’s D&O… Continue Reading Ian H. Graham Adds Umbrella Coverage to Product for Community Associations

“They play a role in some portfolios, but they shouldn’t be a dominant force,” he said. “You’ve got to have the flexibility to take advantage of the markets as they change, and to overweight securities that are attractively valued. Just relying on simple ETF index approaches is not a robust… Continue Reading U.S. Insurers Now Among Major Buyers of ETFs: JP Morgan

Hancock is seeking to highlight the growth potential of the main portfolio of units that he sees as the core of the company. AIG said Friday that the operating return on equity for those businesses will be about 10 percent next year. That compares with a projection of 10.3 percent… Continue Reading AIG Expects to Win Some, Lose Some in Sale of Assets

“MetLife is no longer designated as a systemically important financial institution in the United States, and believe we should not be designated as a global systemically important insurer, either,” MetLife said on Monday. The insurer successfully challenged the U.S. designation in court, but the U.S. government has appealed with the… Continue Reading Global Board Updates List of Systemically Important Banks, Insurers

“Everything else in my business I’m re-examining to be sure I’m covered for anything,” she says. Crouch is trying to be certain she won’t suffer similar losses again. “I had liability insurance just in case someone got hurt,” says Crouch, who lives in Sheridan, Oregon. “Never did I ever think… Continue Reading Too Often, Small Businesses Learn Insurance Lessons After Disaster Strikes

In addition to starting up the Cyber Risk Solutions and a personal lines high-net-worth division in April, led by former Chubb executive Kathleen Tierney, W.R. Berkley announced the launch of a transactional risk unit in September, which is being led by former Chubb executive Randy Hein. Countering the analyst, Berkley… Continue Reading W. R. Berkley Forms Cyber Risk Unit with Chubb’s Vispoli at Helm