Risk
Telematics-Based Car Policies in UK Reached New Highs During 2016
The number of live telematics policies in the UK exceeded three quarters of a million for the first time in 2016, according to annual research from the British Insurance Brokers' Association (BIBA). ...
S&P Downgrades Certain AIG Ratings; Stable Outlook Maintained
American International Group's anticipated reserve charge has attracted the attention of Standard & Poor's, which has downgraded certain ratings in light of the disclosure. S&P said it ...
Ex-EPA Transition Head: U.S. Will Change Course on Climate Policy
The United States will switch course on climate change and pull out of a global pact to cut emissions, said Myron Ebell, who headed U.S. President Donald Trump's Environmental Protection Agency (EPA) ...
Validus to Pay $127.5M for Archer Daniels Midland’s Crop Risk Biz
Validus Holdings Ltd. will buy up Archer Daniels Midland Company's Crop Risk Services business for $127.5 million in cash. Plans call for using cash on hand to fund the deal. Validus said it expects ...
QBE Denies Allianz Submitted Informal Bid to Buy It
Germany's Allianz has made an informal takeover approach to QBE Insurance, Australia's biggest insurer, but has not named a price, sources told Reuters on Monday. Shares in QBE closed flat after ...
U.S. P/C Insurers Heading for 2016 Underwriting Loss: A.M. Best
The U.S. property/casualty industry will likely post a small underwriting loss for 2016 after three previous years of underwriting profits, A.M. Best said in a new report. A.M. Best's report ...
Expect Broader and Cheaper D&O Policies in 2017: Marsh
Directors and officers liability policies are likely become broader and continue getting cheaper in 2017 – among the likely trends expected for the financial and professional liability insurance ...
Former VW CEO Under Investigation by German Prosecutors
German prosecutors are investigating former Volkswagen chief executive Martin Winterkorn on suspicion of fraud, looking into when he first knew that the carmaker was rigging diesel emissions tests. ...