Commercial Lines

While Workers Comp, Product Recall and Supply Chain Management remain the greatest coverage concerns for manufacturers, Cyber Liability is also becoming a top-of-mind issue, producers say.

Led by severe weather, especially tornadoes, in the United States, global insured losses for the month of April are close to $1 billion, says Aon Benfield.

Soft market insurance conditions persist in the airline insurance marketplace, but risk appetite and exposures are fluctuating masked by regional and corporate differences, says Aon Risk Solutions.

Ambac has pulled out of a suit against Bank of America Corp. involving an $8.5 billion mortgage-bond settlement.

Ambac has pulled out of a suit against Bank of America Corp. involving an $8.5 billion mortgage-bond settlement.

Two Bermuda reinsurers report positive gains in their net earnings for the first quarter of this year helped by light catastrophe losses during the period.