Commercial Lines

Agencies of the Year' focused on cost of risk, not price of coverage

During a Risk and Insurance Management Society webinar titled "AIG: An Update On The Latest Strategic Developments," John Doyle president and chief executive officer of AIG Commercial Insurance, said

With American International Group almost fatally wounded by the credit crisis, and sharks smelling blood in the water, the pressure is on to reassure nervous buyers that AIG's insurance companies are

An AIG executive said recent changes in some competing companies' positions regarding writing excess policies over AIG primary policies, or co-surety policies with AIG, are not based on market realiti

Moody's yesterday downgraded two mortgage insurers, American International Group's United Guaranty Mortgage Indemnity and The PMI Group's mortgage insurers, over worries about losses and their financi

Paul J. Krump, 48, was promoted to executive vice president and chief underwriting officer, responsible for Chubb Commercial Insurance, Chubb Personal Insurance, Chubb Specialty Insurance and Surety.

Despite a spate of reports of first-quarter investment losses by North American life and property-casualty insurers, Moody's Investors Service announced it does not foresee any significant number of r

Compared to companies with annual revenues of more than $1 billion, smaller companies experienced at least a 50 percent higher frequency of foreign losses during 2007 for liability lawsuits, theft of