E&S/Specialty

Global insurance brokerage Arthur J. Gallagher & Co. on Wednesday said that it bought a Madison, Wis.-based retail insurance broker, its second acquisition in as many days.

Moody's Investors Service has changed PartnerRe Ltd.'s outlook to negative from stable due to the company's "outsized" first-quarter catastrophe losses relative to its peers.

The Doctors Company, the nation's largest insurer of physician and surgeon medical professional liability, has entered into a definitive agreement to purchase FPIC Insurance Group of Jacksonville, Fla.

In today's lending environment, nearly all small and midsize business owners sign a personal guarantee to secure bank financing. This uncomfortable reality—putting a house and other personal assets at risk—can now be mitigated with a new insurance product: personal guarantee insurance.

New rules that expose executives and directors of troubled financial-services institutions to unexpected negative consequences—including the possible loss of their salaries and other compensation—have sparked the creation a new insurance coverage.

With new coverages evolving and the SEC setting its sights on increased enforcement activities, specialty insurance coverage for regulatory investigations is a hot topic among buyers and sellers of management liability insurance. Brokers assess the options and price trends.