Underwriting
Chubb CEO Greenberg: New Lloyd’s Leader Neal Has His Work Cut Out for Him
Chubb President and CEO Evan Greenberg offered positive words about new Lloyd's of London CEO John Neal, though he cautioned that the venerable insurance marketplace has a long way to go to address ...
Reinsurance Backed by ‘Alternative’ Capital Is Now Mainstream: Willis Towers Watson
The insurance-linked securities (ILS) market is here to stay, said a new survey from Willis Towers Watson. End investors, ILS funds, and buyers – the three groups active in ILS – have ...
New York Accuses Exxon Mobil of Deceiving Investors on Climate Costs
Lawyers for Exxon Mobil Corp. stood before a New York judge in August and told the state's attorney general to "put up or shut up" after spending three years investigating the company's public ...
U.S. Govt. Official Wants Self-Driving Car Industry to Develop Better Safety Metrics
Autonomous vehicle manufacturers need a better yardstick to show that their products are safe, said Derek Kan, under secretary for policy at the U.S. Department of Transportation. The metrics that ...
Cyber Attack on AXA Prompts Mexico Central Bank Alert
Mexico's central bank said on Tuesday it had raised the security alert level in its payment system after a non-banking financial user reported "inconsistencies" in the cash payment matching system. ...
Nestle Child Slavery Lawsuit Revived in U.S. Appeals Court
A U.S. federal appeals court on Tuesday reinstated a lawsuit by a group of former child slaves accusing the U.S. unit of Nestle SA, the world's largest food maker, and Cargill Co of perpetuating ...
Berkley’s Q3 Net Income Came in Flat; Premiums, Investment Income Grew
W.R. Berkley Corp.'s third quarter featured flat net income but also higher premiums and soaring investment income. The Connecticut-based insurer and reinsurer said it generated $162 million in net ...
Chubb Reports Robust Financial Results, With Predictions of More to Come
Chubb scored robust results for its 2018 third quarter, with solid profit, increases in net premiums written and a healthy property/casualty combined ratio. "We're confident and optimistic about our ...