Underwriting
Chubb Soars Even as Q3 Net Income Takes a Hit
Chubb is reporting a banner 2019 third quarter, but the company took a dent in its net income largely from losses relating to an accounting adjustment. Net income for the insurer reached $1 billion, ...
Microsoft: Russia-Linked Hackers Are Targeting Sports Organizations
Microsoft Corp said it has tracked "significant" cyber attacks coming from a group it calls "Strontium" or "Fancy Bear," targeting anti-doping authorities and global sporting organizations. The ...
Munich Re America’s Levy: ‘Stable’ Expectations for the Future Reinsurance Market
Reinsurers are getting higher rates, and there's continued pressure on ceding commissions. But demand for reinsurance cover should remain stable even as prices increase, according to Munich Re ...
Ransomware Attacks Soaring as They Target IT Vendors and Their Clients
Ransomware attacks increased by 37 percent during the third quarter of 2019 compared to Q2, as cyber criminals target both IT vendors and their clients, according to data compiled by insurer Beazley. ...
Aon Moves Incorporation From Britain to Ireland Due to Brexit
Insurance broker Aon plans to move its parent company's jurisdiction of incorporation to Ireland from Britain due to Brexit, it said in a statement on Tuesday. New York-listed Aon will keep its ...
Everest Re’s Q3 Net Income Slammed by Hurricane Dorian, Typhoon Faxai
Hurricane Dorian and Typhoon Faxai chipped away at Everest Re Group's 2019 third-quarter net income, knocking it nearly in half from the previous year. The Bermuda-based insurer and reinsurer booked ...
Wildfires, Blackouts and Business Interruption in Today’s California
It was only expected to happen a couple times a year -- and just as a last resort. That's what utility giant PG&E Corp. originally said 13 months ago when it outlined plans to stage mass ...
Suit Alleging ‘Outrageous Conduct’ by AIG, Coventry Allowed to Proceed
An Alabama appellate court has cleared the way for a lawsuit that alleges outrageous and fraudulent conduct by American International Group and Coventry against a worker who was injured in an ...