Underwriting
Facebook Risks Losing Instagram, WhatsApp Over U.S., State Antitrust Lawsuits
Facebook Inc could be forced to sell its prized assets WhatsApp and Instagram after the U.S. Federal Trade Commission and nearly every U.S. state filed lawsuits against the social media company, ...
EU to London’s Banks and Insurers: Get Used to Limited Post-Brexit Access
Britain's huge financial sector will never again have the same access to the European Union as it did when the country was a member of the bloc, the EU's financial services chief said. Brexit makes ...
Negative Outlook Continues for U.S. Commercial Lines: A.M. Best
U.S. commercial lines insurers will continue to be tarnished by an A.M. Best negative outlook, thanks to COVID-19 economic uncertainty, social inflation and other challenges. A.M. Best first revised ...
Multiple Investors Back Cyber Insurance MGU At-Bay’s New VC Round
At-Bay secured a $34 million venture capital infusion that the cyber insurance MGU startup said will enable more hiring, further product launches, digital collaborations and technology improvements. ...
U.S. Cybersecurity Firm Breached; Internal Hacking Tools Stolen
FireEye, one of the largest cybersecurity companies in the United States, said on Tuesday that is has been hacked, possibly by a government, leading to the theft of an arsenal of internal hacking ...
As Rates Keep Hardening, Global Reinsurance Sector Receives ‘Stable’ Market Outlook
The outlook of the global reinsurance sector is "stable," which is mainly a reflection of hardening pricing conditions and tighter terms and conditions, according to AM Best and Fitch Ratings in two ...
Munich Re Will No Longer Cover Events Axed Due to Pandemics
German reinsurance group Munich Re will no longer insure against events canceled due to pandemics, a board member said on Tuesday. The world's largest resinsurer is making the change after it faced ...
U.S. Air Pollution Monitoring Network Falls Into Disrepair: GAO Report
The U.S. air pollution monitoring network has fallen into disrepair after years of budget cuts and neglect, leaving tens of millions of Americans vulnerable to undetected bad air quality from events ...