Verisk Analytics is headquartered in Jersey City, New Jersey. MarketStance is based in Middletown, Connecticut. Yohn said becoming part of a larger company will expand his firm’s breadth of offerings and allow it to reach new customers. Beth Fitzgerald, president of ISO Solutions, said MarketStance’s proprietary analytics model provides “actionable… Continue Reading Verisk Acquires Analytics Firm MarketStance

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

“Where we will get in trouble is where we think we’re on safe ground,” he told conference attendees. Even so, he added, he sees no end to the current trend. “Getting something up and running in these markets is important.” Certainly, some caution is warranted, Millette said. “Nobody really knows… Continue Reading As Reinsurance Market Evolves, So Must Distribution, Say Experts at Forum

Philadelphia Insurance Companies markets and underwrites commercial property/casualty and professional liability insurance products. Policies are underwritten by Philadelphia Indemnity Insurance Co., admitted in all states and D.C. except Louisiana, and Tokio Marine Specialty Insurance Co., a surplus lines insurer admitted in Delaware for surplus lines and authorized in all other… Continue Reading Philadelphia Enhances Fine Arts Coverage for Museums, Cultural Institutions

Ardea Partners, Lazard and Willkie Farr & Gallagher advised Allstate in the transaction, while Financial Technology Partners and Ropes & Gray advised SquareTrade. Allstate said it will acquire SquareTrade utilizing corporate cash and debt issuance, subject to market conditions, with no impact on Allstate’s existing share repurchase program. Last month,… Continue Reading Allstate to Pay $1.4 Billion for SquareTrade, Seller of Warranties for Mobile Devices, Appliances

(Edited by John Blanton) “It was clearer than anything that he died of septic shock,” Rae said. “When I got the death certificate, I was staggered.” Greulich’s death certificate did not mention sepsis or the infections that caused it. His autopsy report, however, lists at least five pathogens present in… Continue Reading Special Report: A Tale of Superbugs’ Deadly Costs

Editor’s note: This is the final in a series of columns looking at carriers that are recognized as green. The first piece focused on The Hartford and the second on Zurich. “It really gives me a sense of pride,” Linkin said. “Because I am a scientist and because I study… Continue Reading Swiss Re’s U.S. Solar Power Plant is One Part of Its Climate Change Commitment

The case is U.S. v. Anthem, 16-cv-1493, U.S. District Court, District of Columbia (Washington). That statement was challenged by Anthem attorney Martin Toto, who established Humana had won a $40 billion, 31-state military insurance contract. “Our geographical footprint isn’t a national one,” she said. “We’re a regional player.” The government… Continue Reading At Trial, Anthem-Cigna Merger Called Harmful to Competition

Today, the Democratic Caucus re-elected Waters to serve as ranking member of the committee for her third term. Yesterday the House Financial Services Committee re-elected Hensarling as its chairman for his third term. She added: “I suppose passing this legislation is just the Republican Congress’s way of giving him a… Continue Reading Insurers Praise House Approval of Systemic Risk Reform Bill

Fitch said that a scenario involving a steady increase in interest rates linked to higher growth and limited inflation would be credit positive for insurers, especially life insurers. But, Fitch analysts added, given the lack of specificity in Trump economic policies at this time and the related uncertainty, a scenario… Continue Reading Fitch Sees Large Insurers Gaining from Trump Deregulation