Affluent Market Rivals Not Making Much of a Dent in Chubb’s Business

Article 0 Comments Chubb’s high-net-worth personal lines insurance business may have some new competition, but Chairman and CEO Evan Greenberg and a key executive say those rivals haven’t made much of a dent. “From my point of view we don’t see a change of any consequence in the competitive environment […]

How a ‘Sharing’ Workplace Can Undermine Leadership

Article 0 Comments Sharing personal information with friends and family has long been held by researchers as a way to build rapport and healthy relationships. But between coworkers, that’s not always true. That is at the center of new research conducted at Georgia Institute of Technology, where researchers looked into […]

Big 3 Drive Personal Auto Insurance Recovery; Signs of Rate Hike Fatigue Ahead

Article 0 Comments Steady improvement for U.S. personal auto insurance companies has culminated in the sector’s best underwriting performance in 10 years, according to Fitch Ratings in a report. The market improvement was driven by the three biggest auto insurers. The U.S. personal auto insurance market has shown continued fundamental […]

Berkley One Expands into Florida, Ohio; Adds Flood Insurance in Select States

Article 0 Comments Berkley One, a startup insurance provider targeting the high net worth personal lines market, has expanded into Florida and Ohio. Working with select independent agents, Berkley One offers home, automobile, fine art and collectibles, excess liability and travel insurance. With this launch, Berkley One also extends its […]

Confie Secures $220M Credit Facility for Continued Expansion

Article 0 Comments Personal lines insurance broker Confie said it has closed on a new $220 million credit facility, led by Goldman Sachs and Barclays. In addition to the refinancing, Confie said it has a $90 million revolving credit facility which is undrawn and will be used to finance future […]

Cathay Pacific Cyber Attack Is World’s Biggest Airline Data Breach

Article 0 Comments Cathay Pacific Airways Ltd. said a hacker accessed personal information of 9.4 million customers, becoming the target of the world’s biggest airline data breach. The airline’s shares sank the most in almost two years, shaving $201 million off its market value, after the Hong Kong-based carrier disclosed […]

New ISO Personal Property Product Targets Millennials, Empty Nesters

Article 0 Comments ISO, a Verisk business, has launched a new personal inland marine product designed to help insurers meet the personal property coverage needs of millennials and other consumers who may not stay in one place for long. The new Your Belongings product enables insurers to offer coverage on […]

Donegal Exits Personal Lines Insurance in 7 States, Transfers Business to Safeco

Article 0 Comments Donegal Mutual Insurance Co. today announced that it is exiting the personal lines business in seven of the 22 states in which it does business and will transfer those personal lines accounts worth $25 million in premium to Safeco Insurance. Safeco will assume Donegal’s personal lines business […]

Holman Insurance Services Expands Offerings in Florida, Acquires Murray Insurance

Article 0 Comments Holman Insurance Services, a full-service brokerage offering personal and commercial insurance products headquartered in New Jersey, has expanded its personal insurance coverage into the Florida market. Offering a comprehensive lineup of personal insurance products including automotive, home, life and recreational coverage, Holman Insurance Services’ said its launch […]