Commercial Lines

Phillys execs run the extra mile to service specialty niches.

When Tokio Marine Holdings Inc. announced it would acquire Philadelphia Consolidated Holding Corp. for $4.8 billion in July 2008near the height of the global economic meltdownmarket-watchers were impressed but not overly surprised at the hefty price tag. Some four years on, many agree, the deal still looks smart.

I dont think youre going to find many insurance-company CEOs who have qualified for and competed in the Hawaii Triathlon twice, says Jamie Maguire Jr. (left), chairman & CEO of Philadelphia Insurance Cos. Both he and President & COO Sean Sweeney (right) compete in Ironman events.

Carriers and brokers alike repeat the same line when talking about providing commercial clients with Lead- and Excess Umbrella coverage: One million dollars aint what it used to be.

From hamster balls to wall-to-wall trampolines, family entertainment centers look for new ways to attract more people looking to have fun. But that fun comes with risks that come at an increasingly costly price to insure.

As the hurricane season enters its most active period, the fifth and sixth named storms of this season appear to be no threat to the U.S. coast, say forecasters.