E&S/Specialty

With threats to agents' personal and customer information, cyberspace is the next employers' practices liability exposure

With threats to agents' personal and customer information, cyberspace is the next employers' practices liability exposure

One aspect of healthcare reform promotes the formation of provider organizations aimed at improving the quality of care and cost, but medical-malpractice insurers worry it could have a negative impact on their business, a recent broker’s report suggests.

Yesterday, Transatlantic Holdings, Inc. and Allied World Assurance Company Holdings, AG announced a $3.2 billion merger deal that executives say will create a global specialty insurer and reinsurer operating in 18 countries on six continents.

Executives caught up in a regulatory maelstrom could get some peace of mind over who will pay their legal bills thanks to a new insurance product aimed at streamlining the directors and officers liability claims process, says Willis Group.

The property and casualty market is seeing signs of discipline, and psychologically, underwriters are ready for a pricing turn, but a broad market change is not likely with so much excess capacity remaining in the marketplace, P&C executives here say.