Latest Commercial Lines Headlines
All the headlines from our Commercial Lines Topic Page, ordered by recency.
Viewpoint: Four Approaches to Expand Commercial P/C’s Market Relevance
Feb 22 2023 // Despite a range of disruptions, global commercial P/C insurance carriers have actually delivered good returns over the last few years—mostly thanks to higher premiums, which have risen 6 to 8 percent a year since 2018....
Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
Feb 20 2023 // Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021,...
Markets/Coverages: Berkley, Talage Partner for Workplace Violence Coverage
Feb 16 2023 // Berkley Program Specialists said it has partnered with Talage to offer a new product line for workplace violence coverage. This new coverage and service offering was introduced Feb. 8 in select states with additional...
Commercial Auto Insurtech Startup OpenEyes Emerges From Stealth
Feb 14 2023 // OpenEyes, an insurtech serving commercial automotive fleets, today emerged from stealth with $18 million in Series A funding led by global software investor Insight Partners and Pitango First, with participation by MoreVC,...
Specialty MGA UK Acquires Commercial ForestRe Team from Globe Underwriting
Feb 9 2023 // Specialty MGA UK, a recently formed managing general agent focused on providing additional capacity for specialty lines of businesses, has acquired the ForestRe team from Globe Underwriting, the UK-based MGA. Financial...
People Moves: Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for Casualty; Aon Promotes Alcott to UK Chief Commercial Officer; Miller Hires Keeping as Head of P/C
Feb 7 2023 // This edition of International People Moves details appointments at the brokers Howden Tiger, Aon and Miller. A summary of these new hires follows here. Howden Tiger Taps Carpenter’s Smith, Aon’s Walsh for...
What Ancient Roman Firefighting Can Teach Us About the State of Commercial Insurance Today
Feb 6 2023 // There are rare moments in one’s professional life when you can take what you were taught in childhood into present-day learning. I’m thinking back to my 8th-grade Ancient Roman history class, where I learned...
Global Commercial Insurance Rates Rise 4% in Q4, Continuing Moderating Trend: Marsh
Feb 3 2023 // Global commercial insurance prices increased 4% in the fourth quarter of 2022, down from a 6% increase in Q3 and a 9% increase in Q2, which is a continuation of a trend of moderating increases that began in Q1 2021,...
Swiss Re Revamps Structure by Splitting Reinsurance Biz, Creating Client Business Unit
Feb 2 2023 // Swiss Re announced plans to streamline its organizational structure by splitting its current Reinsurance Business Unit into P&C Re and L&H Re, while creating a new business unit called Global Clients and...
New Jersey Approves MGA Honeycomb to Sell Commercial Real Estate Policies
Feb 2 2023 // The New Jersey Department of Insurance has given Honeycomb Insurance approval to sell policies statewide. The technology-based managing general agent (MGA) serves the commercial real estate market and will offer insurance...
Report on Mass Shootings Urges Workplace Violence Prevention Plans
Jan 27 2023 // As the nation reels from a week of high-profile shootings, a new report on mass attacks calls for communities to intervene early when they see warning signs of violence, encourages businesses to consider workplace violence...
Sentry Teams Up With Motive For Commercial Trucking Telematics Program
Jan 25 2023 // Sentry Insurance, a leading provider of commercial trucking insurance, has announced a telematics program with Motive that will give customers up to 5% on their Sentry premiums for sharing their electronic logging device...
Ohio Dollar General Fined $395K for Hazardous Workplace Conditions
Jan 25 2023 // Following yet another inspection – this time at a West Lafayette, Ohio, Dollar General location – federal investigators found one of the nation’s largest discount retailers continues to shelve serious safety...
Not Time to Celebrate but Commercial Insurance Rates Are Stabilizing
Jan 23 2023 // With last year’s 25% rate hikes for public directors and officers liability insurance dropping to 2.5%, and 150% hikes for cyber cover sinking to 25%, significant softening is forecast for some casualty lines in...
People Moves: Promotions at Liberty Mutual Commercial Unity; New CEO at Ategrity
Jan 13 2023 // Liberty Mutual Insurance Appoints Sutton and Archambault to Key Leadership Roles in its North American Commercial Insurance Business Unit Liberty Mutual Insurance has appointed Meg Sutton as chief operating officer for...
Insurance Pricing: True D&O Buyer’s Market; Stabilized Commercial Auto
Jan 10 2023 // Insurance brokerage USI is forecasting that half of 32 commercial insurance product lines analyzed will experience softer pricing in the first half of 2023—including a predicted “buyer’s market” for...
People Moves: Risk Strategies Names Lamond Commercial Leader; Fred C. Church Welcomes Daley to Education Team
Jan 6 2023 // Risk Strategies Names Lamond as Commercial Lines Leader, New England Region Boston-based Risk Strategies has appointed Doran Lamond as commercial lines leader for the New England region. In this new role, Lamond will be...
People Moves: Aon Hires Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA; DARAG Names Mathis Wagner and Pearson to Lead M&A in Europe, UK
Jan 5 2023 // Aon Names Fulciniti as Head of Strategy Execution for Commercial Risk Solutions, EMEA Insurance broker Aon plc has named Agostino (Ago) Fulciniti as head of strategy execution for Commercial Risk Solutions in EMEA,...
People Moves: Powers Names Poteet as Commercial Account Manager, Reed as Producer
Jan 4 2023 // Powers Insurance & Risk Management Appoints Poteet Commercial Account Manager Powers Insurance & Risk Management, headquartered in St. Louis, Missouri, recently hired Rachel Poteet as Commercial Account...
Specialist Risk Group to Acquire UK’s Fleet and Commercial
Jan 4 2023 // Specialist Risk Group (SRG), the London-headquartered broker, announced the acquisition of Fleet and Commercial, subject to regulatory approval. The deal enhances SRG’s existing commercial motor capability and is a...
