Risk
Price Increases, Investment Income, Organic Growth Propel The Hanover’s Q2
Price increases, a jump in net investment income and organic business growth helped give The Hanover Insurance Group a strong second quarter. The Hanover booked $99.3 million in net income during Q2 ...
Wells Fargo Will Fork Over $2.09B to Resolve Longstanding U.S. Mortgage Probe
Ten years after faulty mortgages upended the global financial system, Wells Fargo & Co. agreed to pay $2.09 billion to settle a U.S. probe into its creation and sale of loans that contributed to ...
AXA Redeems Itself With Strong First-Half Earnings
Axa SA gave under-fire Chief Executive Officer Thomas Buberl a needed boost with first-half earnings that beat estimates and growth in new business. Axa, posting its first results since a ...
XL Group, Nearing Its Planned Merger With AXA, Reports a Steady Q2
As XL Group reaches the final days before its $15.3 billion sale to AXA Group goes through, the insurer and reinsurer is still doing fairly well as an independent company. XL Group/XL Catlin said it ...
AIG Will Expand the Mission of Its Newly-Created Reinsurer DSA Re
American International Group's newly-created reinsurer designed initially to back old policies it has will expand its focus to the broader industry. The insurance giant said that it, along with The ...
Chubb Will Cover Uber Drivers in South Africa
Uber Technologies Inc. is partnering with security and insurance company Chubb Ltd. to cover its South African drivers in case of death or injury as violent attacks plague the country's cities. The ...
A Repeat of 2017’s Losses Could Test Reinsurers’ Otherwise Healthy Status: S&P
After global insured natural catastrophe losses hit record highs in 2017, will reinsurers be able to withstand another year of active natural catastrophes? S&P Global Ratings indicates that while ...
Analysts Grill U.S. Insurers About Exposure to $4.7B J&J Talc Verdict
Wall Street is trying to figure out whether the U.S. insurance industry will bear any costs from a record $4.69 billion judgment against Johnson & Johnson awarded to customers and their families ...