E&S/Specialty

Ace Group says it has started an agriculture P&C business, Ace Agribusiness to offer farm and ranch and specialty commercial insurance products and services to the agriculture market.

P&C insurers appear set to enjoy a solid first quarter due to relatively benign losses and continuing rate increases in both personal and commercial lines, a new analysis suggests.

Just as it altered the New Jersey shoreline, Superstorm Sandy has altered underwriting, but commercial-property pricing may not increase as much as one might expect.

Insurance companies continue to provide piracy cover to ships traveling in the troubled Horn of Africa regions, but piracy remains a significant problem, a representative of the Lloyds Market Association told Congress.

Edmund Ted Kelly is cutting his last tie to Liberty Mutual Insurance after more than 20 years with the company.

James M. Craig, president of the American Institute of Marine Underwriter for the last 10 years, will retire at the end of 2013.