Underwriting
Ransomware Shuts U.S. Natural Gas Compressor Facility for Two Days
A recent ransomware attack caused a U.S. natural gas compressor facility to shut for two days, the latest in a string of attacks targeting the country's energy infrastructure over the past few years. ...
Swiss Re Hit With 2019 Profit Drop; P/C Combined Ratio Reaches 107.8
Reinsurer Swiss Re reported on Thursday a smaller-than-expected profit in 2019 due to claims for a series of man-made and natural disasters, as well as expenses for its U.S. casualty business, ...
At-Bay Pulls in $34M From Munich Re, Others; Cyber Insurance Expansion Planned
Cyber Insurance startup At-Bay raised a new $34 million venture capital round, CEO and Co-Founder Rotem Iram disclosed in a recent blog posting. Munich Re Ventures and Acrew Capital led the Series B ...
Chubb Veteran Hopper to Join CNA as Chief Actuary After Haefner Retires
CNA's veteran chief actuary is retiring at the end of 2020 after 12 years at the insurer and 40 years in the property/casualty insurance business. Larry Haefner's retirement becomes official on Dec. ...
Fossil-Fuel Production May Generate Much More Methane Than Scientists Thought
Fossil-fuel production may be responsible for much more atmospheric methane than scientists previously thought, according to new research published today in the journal Nature. The results, if they ...
Argo Appoints Interim CEO Rehnberg as Its Full-Time Leader; New Board Chair Named
Argo Group International Holdings has appointed interim CEO Kevin Rehnberg to the job officially, capping what has been a tumultuous year for the Bermuda-based specialty insurer and reinsurer. ...
Russian Internet Company Yandex Ready to Test Driverless Cars
Internet company Yandex, which reported lower growth in fourth-quarter profit on Friday, is poised to test its driverless cars outside Russia this year. Yandex has invested 2.2 billion roubles ...
Sanofi to Work with U.S. Agency on Coronavirus Vaccine
French drugmaker Sanofi is working with a U.S. government agency to develop a vaccine against the new coronavirus from China, saying it could have a candidate ready for clinical trials within a year. ...