Risk
CNA Scores With Improved Q4 Results and Investments
Higher premiums, soaring investment results and fewer catastrophe losses helped CNA Financial Corp. produce solid net income to close out 2019. CNA's Q4 2019 net income reached $273 million, or $1 ...
Tokio Marine Closes $3.1B Acquisition of PURE Group
Tokio Marine Holdings announced that it has completed the acquisition of Privilege Underwriters Inc. and its subsidiaries, known as PURE Group, which specializes in the U.S. high-net-worth insurance ...
AXA Confirms Plans to Sell Eastern Europe Operations for Nearly $1.1B
AXA has confirmed earlier reporting that it has agreed to sell its operations in Poland, Czech Republic and Slovakia to Austria's Uniqa Insurance Group. AXA will sell 100 percent of its life and ...
Bayer Appeals to Overturn $86M Roundup Cancer Verdict
Bayer AG has asked a California appeals court to overturn an $86 million verdict that found it was responsible for a couple's cancer caused by its glyphosate-based weed killer Roundup. In a Friday ...
Facebook Pledges Security Improvements After Hack of 29 Million Users
Facebook Inc. pledged to improve security protocols to resolve a lawsuit blaming the company for a 2018 data breach that exposed personal data of 29 million users. The company will check more ...
French Insurer Covea Reportedly in Talks to Buy PartnerRe for $9B
French insurer Covea is in advanced talks with the Agnelli family's Exor NV to buy the Italian company's reinsurance business PartnerRe for about $9 billion in cash, according to people familiar with ...
Argo Will Sell Trident Public Risk Solutions Biz to Paragon MGA
Bermuda-based global specialty lines underwriter Argo Group International Holdings has agreed to sell its Trident Public Risk Solutions brand and underwriting platform to Paragon Insurance Holdings. ...
A New Risk for Muni-Bond Insurers: Ransomware Attacks on Healthcare Providers
Hackers have finally done what bond issuers may have feared most from cyber criminals. A ransomware attack on Pleasant Valley Hospital in West Virginia was partly responsible for the hospital's ...