Risk
Acknowledging Predecessor, New Travelers CEO Schnitzer Pledges Continued Innovation
The Travelers Companies reached a major milestone on Jan. 21 when the property/casualty insurance giant holding its first earnings call under new CEO Alan Schnitzer. Executives appeared to go out of ...
Travelers Profit Plunges 17 Percent, Slammed by Troubled Energy Investments
Travelers Cos., the only property-casualty insurer in the Dow Jones Industrial Average, said fourth-quarter profit fell 17 percent as investment income declined on low bond yields and valuations for ...
Cyber Security Firm FireEye Grabs Rival for $200M
FireEye Inc said on Wednesday it paid $200 million to buy privately held iSight Partners in a move to boost its cyber intelligence offerings for governments and businesses as the sector consolidates. ...
U.K. Insurer Aviva Targets North America with $402M Canadian Acquisition
Aviva Plc, the U.K.'s second-biggest insurer by market value, agreed to buy a home and auto insurer from Royal Bank of Canada for C$582 million ($402 million) to expand in North America. The purchase ...
ILS Market Reaches New Record, Again: Willis Capital Markets & Advisory
Total non-life insurance linked securities (ILS) capital reached a record $70 billion at year-end 2015 – topping the previous record of $65 billion at year-end 2014, according to the latest ILS ...
Allianz: Business Interruption Remains Huge Risk; Cyber Gaining Fast
Business interruption is the top concern of risk managers heading into 2016 for the fourth year in a row, but cyber is a fast-growing corporate worry, according to a new report from Allianz Global ...
Zurich’s Troubles Mount With Predictions of More General Insurance Losses
Zurich Insurance Group AG fell to the lowest in more than three years after Switzerland's biggest insurer put shareholders on notice that it expects a second straight quarterly loss in its general ...
Ironshore Aims to Cover U.S./Canada Wood Frame Commercial Construction
An Ironshore division plans to start covering wood frame commercial construction products in the U.S. and Canada. Ironshore Global Property will accomplish this through expansion of its Builders' ...