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Global commercial cyber liability premium is set to hit $6.2bn by 2020, with the services sector likely to be the biggest buyer of the standalone product in that timeframe, according to a report by data analytics firm Verisk.
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AM Best has removed New Zealand carrier Tower Limited and subsidiary Tower Insurance from under review with negative implications following the sale of a stake in the parent to distressed debt specialist Bain Capital.
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Florida-based Heritage has already secured quotes of flat pricing from underwriters for hundreds of millions of dollars of limit on its 2018 property cat placement, according to chairman and CEO Bruce Lucas.
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AM Best and Moody's have placed XL Group and subsidiaries under review after Monday's announcement that Axa intends to acquire XL Group for $15.3bn.
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Axa's ratings have been placed under review with negative implications by Moody's, S&P Global Ratings and Fitch Ratings on the heels of the carrier's deal to buy XL Group for $15.3bn.
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Commercial insurance rates strengthened worldwide in the fourth quarter, marking the first average increase since early 2013, broker Marsh has found.
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Commercial insurance rates strengthened worldwide in the fourth quarter, marking the first average increase since early 2013, broker Marsh has found.
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As the fourth quarter earnings season approaches its close, analysts have highlighted P&C pricing and accelerating industry M&A as potential tailwinds for the year ahead.
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It's amazing how secular trends work their way back and forth across the corporate world down the generations. They ebb and flow like the tides.
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AmTrust’s critical A rating remains unchanged following the latest developments involving the carrier’s plan to go private and the sale of its fee business to Madison Dearborn, AM Best said today, but the rating agency raised the pressure on management to file its annual financial report by 16 March.
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Reading through The Insurance Insider's coverage of the Florida homeowners' sector these last couple of weeks gives the impression of a fragmented, multi-tier market that once again is at a crossroads.
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Commercial insurance rates rose 0.3 percent on average during the fourth quarter for the first gain across all-sized accounts in over three years in the US, The Council of Insurance Agents & Brokers (CIAB) said today in its Q4 2017 survey.
