E&S/Specialty

P&C insurers are beginning to understand the need to drive rate increases stepping away from the industrys soft-market trends of recent years, says XLs CEO Mike McGavick.

When Jacoby Jones of the Baltimore Ravens returned the second-half kickoff 108 yards in Super Bowl XLVII, SCA Promotions got out its checkbook.

American International Group conducted a survey of 323 risk managers, IT decision makers, C-suite executives and brokers in the U.S. and Canada and found that cyber attacks beat property damage and income loss as a top-of-mind risk.

American International Group conducted a survey of 323 risk managers, IT decision makers, C-suite executives and brokers in the U.S. and Canada and found that cyber attacks beat property damage and income loss as a top-of-mind risk.

AXIS Capital Holdings Ltd. reported a fourth-quarter net loss of $19 million primarily on losses from Superstorm Sandy.

While insurance-industry representatives are throwing their support behind a bill to extend the Terrorism Risk Insurance Act in its current form, recent comments from other interests show that TRIA proponents will have their work cut out for them to prove that the program is still necessary.