Ironshore’s Construction Industry group, in conjunction with Ironshore Specialty Casualty, has enhanced its coverage for designers and contractors. The specialty program offers contractors pollution liability on an occurrence basis within its combination policy covering contractors liability, contractors pollution liability and …
Catastrophe risk modeling firm AIR Worldwide announced that it has released Touchstone Re, a new catastrophe modeling software application designed for estimating the loss potential of reinsurance contracts and portfolios, industry loss warranties, and insurance-linked securities. AIR Worldwide said Touchstone …
AmWINS Group Inc., the Charlotte, N.C.-based independent wholesale distributor of specialty insurance products, announced that Robert “Bob” Petrilli has been named president of the firm’s underwriting division, effective immediately. AmWINS’ underwriting division offers a variety of P/C programs for specific …
News that Lloyd’s is undergoing a strategic review of its operations may be part of a larger industrywide phenomenon—reality is setting in and underwriting pain is increasing, an industry executive said last week. Markel Corp. Co-Chief Executive Officer Richie Whitt …
Blend Labs Inc., a startup that first became known by helping big banks make it easier for homebuyers to get a mortgage online, is branching out into a new industry: insurance. The San Francisco-based company is launching Blend Insurance Agency. …
Some 1,139 people are likely to have perished after Hurricane Maria hit Puerto Rico in September, far more than the official death count of 64, according to a Pennsylvania State University study published Thursday in the Journal of the American …
Executive Summary: While progress has been made in the development of casualty insurance-linked securities (ILS), there still is significant work to do, says Aaron C. Koch of Milliman, who discusses some of the key structural and product design questions that …
Atlantic storm watchers are going to have a hard time seeing the ocean, never mind any tropical systems, as another Saharan swirl of dust from Africa is moving west. The dust, a marker for dry air, has spread out across …
This year’s looking brighter for Berkshire Hathaway Inc.’s insurance businesses after 2017’s hurricanes led to the first annual underwriting loss in more than a decade. Auto insurer Geico and the company’s namesake reinsurance business helped lift underwriting to a profit …
A single personal electronic device that overheats and catches fire in checked luggage on an airliner can overpower the aircraft’s fire suppression system, potentially creating a fire that could rage uncontrolled, according to new government research. Regulators had thought that …
