Risk
The Hartford Will Acquire Aetna’s U.S. Life, Disability Biz in $1.45B Cash Deal
Hartford Financial Services Group Inc said on Monday it would buy health insurer Aetna Inc's U.S. group life and disability business for $1.45 billion cash in a move that will expand its insurance ...
AXIS Brings on Swiss Re’s Arora as New Reinsurance CEO
AXIS Capital Holdings Ltd. hired on veteran Swiss Re executive Steve Arora as the new chief executive officer of AXIS Re. Arora spent 18 years in a variety of senior positions at Swiss Re, most ...
The Latest Launches From Karen Clark & Co. and AIR Worldwide
Karen Clark & Company released its new Severe Convective Storm Reference Model. AIR Worldwide Worldwide has introduced a new inland flood model for Japan, along with enhancements to its Japan ...
Impatient InsurTechs Will Create MGAs, Carriers On Their Own
More than 1,000 technology startups are seeking a role in insurance and risk management, and they're doing so with or without traditional distribution partner collaboration, an industry panel said ...
Another J&J Appeals Win: Judge Tosses $417M Verdict in Talc/Cancer Lawsuit
A California judge on Friday threw out a $417 million verdict against Johnson & Johnson in a lawsuit by a woman who claimed she developed ovarian cancer after using its talc-based products like ...
Lloyds, RMS Say After-the-Fact ‘What Ifs’ Can Help Insurers Prepare for Future Catastrophe Risks
What if history had a different outcome? Lloyd's of London and RMS say that exploring that idea for major catastrophe events (or near misses) of years past could actually help insurers better analyze ...
U.S. Regulator Faults Wells Fargo Over Auto Insurance Abuses: NYT Report
Wells Fargo & Co wrongly pushed auto insurance on customers who did not need it and took too long to halt the abuse, the New York Times reported on Friday, citing a confidential report from a ...
Swiss Re Sustains $3.6B Hit From U.S. Hurricanes and Mexico Quakes
Swiss Re, the world's second-largest reinsurer, estimated its claims burden from hurricanes Harvey, Irma and Maria in the United States and from two earthquakes in Mexico at roughly $3.6 billion in ...