USI Wins Competition to Acquire Wells Fargo Insurance Businesses June 27, 2017 By Andrew G. Simpson Wells Fargo is selling its commercial insurance business to national brokerage USI Insurance Services. USI said it has agreed to...
Hiscox USA Names Nevin Chief Operating Officer June 27, 2017 Specialty insurer Hiscox has a new chief operating officer for its Hiscox USA business unit. Josh Nevin brings more than...
Safety Groups Urge Government to Set Rules of Road for Driverless Vehicles June 27, 2017 By Ryan Beene Basic rules of the road are needed before lawmakers allow companies from Apple Inc. to Ford Motor Co. to dramatically...
Chubb Names Sherman to Lead North America Management Liability Business Unit June 27, 2017 Chubb has appointed Leigh Anne Sherman to lead its Private/Not-For-Profit Management Liability business within the North America Financial Lines division....
P/C Insurers’ Net Income Fell 42.2% in Q1; Catastrophe Losses Topped $7 Billion June 27, 2017 The U.S. property/casualty insurance industry saw its net income fall to $7.7 billion in first-quarter 2017 from $13.4 billion in...
XL Catlin, McGowan Companies to Offer Coverage for Workplace Violence June 27, 2017 XL Catlin has entered into an exclusive underwriting agreement with The McGowan Companies to provide workplace violence insurance to U.S....
Cheaper Cyber Insurance in the Works for Apple, Cisco Customers June 27, 2017 By Stephen Nellis Apple Inc. is working with Cisco Systems Inc. to help businesses that primarily use gear from both companies to get...
Senate Health Bill in Jeopardy as 3 Republican Senators Oppose June 26, 2017 By Zachary Tracer, Laura Litvan and Steven T. Dennis At least three Republican senators said they would vote to block the current version of their party’s health-care bill from...
Alliant, USI in Running to Acquire Wells Fargo Insurance June 26, 2017 By Matthew Monks Alliant Insurance Services Inc. has emerged as the front-runner to buy Wells Fargo & Co.’s insurance business, people familiar with...
RPG Promotes D’Onofrio to CEO of WKFC Underwriting and CorRisk June 26, 2017 Ryan Specialty Group (RSG) announced that Dawn D’Onofrio has been promoted to chief executive officer and president of WKFC Underwriting...