Underwriting
China Pledges to Remove Financial Company Foreign Ownership Limits by 2020
China said it will bring forward plans to remove foreign ownership limits on financial companies, as it speeds up efforts to open the $44 trillion industry to overseas competitors. Full foreign ...
Parametric Insurance Takes Off
Now that property and casualty insurance coverage terms for business disruption losses are gradually tightening, a singular insurance product used primarily to protect businesses against ...
The Latest Launches From Chubb and EverQuote
Chubb is now selling small business insurance for the food service industry. Online insurance marketplace EverQuote said it is expanding into health insurance and renters insurance, building on its ...
Florida Opens the Door to Self-Driving Vehicles
Self-driving vehicles with no humans on board will be able to operate in Florida – once they're finally ready for prime time – under a bill signed recently by Gov. Ron DeSantis. DeSantis said he ...
Dutch Agency Warns State-Backed Cyber Espionage Is Becoming Escalating Threat
The Dutch intelligence agency (AIVD) on Thursday warned of the escalating threat of state-backed cyber espionage, saying the Netherlands was particularly vulnerable as a hub for international ...
Munich Re, NICB Debut Tool That Quickly Assesses Post-Disaster Damage
Munich Re has teamed up with a unit of the National Insurance Crime Bureau to offer insurance carriers an analytics tool that can quickly assess property damage after natural catastrophes and speed ...
U.S. P/C Net Income Soared by Nearly 70 Percent in 2018, as Cat Losses Dropped
The U.S. property/casualty industry saw its net income grow in 2018 by nearly 70 percent from the previous year, thanks to lower catastrophe losses, favorable development of prior years' loss ...
Swiss Re’s Proposed Spinoff of ReAssure Valued at Up to $4.2B
UK life assurance business ReAssure will be valued at up to 3.3 billion pounds ($4.2 billion) when it floats on the London Stock Exchange, its largest shareholder Swiss Re said on Thursday. Swiss Re, ...