Underwriting
Trump Tax Cuts, Lower Cat Losses Helped Make Q1 U.S. P/C Results Soar
Tax reform and lower catastrophe losses helped make all the difference for private U.S. property/casualty insurers in the 2018 first quarter. Their net income after taxes surpassed $17 billion during ...
Lloyd’s Platform Likely Can’t Be Used for Iran Insurance; U.S. Sanctions to Blame
New U.S. sanctions are likely to prevent the use of a Lloyd's of London IT platform for any Iran insurance, adding to difficulties for European insurers providing cover for the country. European ...
Fitch Affirms Liberty Mutual’s Financial Strength Ratings but Lowers Outlook
While Fitch affirmed Liberty Mutual Group's financial strength ratings, the news isn't all good: Its ratings outlook got lowered a notch. Liberty Mutual's tough 2017 is largely to blame for the ...
J&J Ordered to Pay $4.7B in Missouri Asbestos Cancer Verdict
A Missouri jury on Thursday ordered Johnson & Johnson to pay a record $4.69 billion to 22 women who alleged the company's talc-based products, including its baby powder, contain asbestos and ...
The Sale of Hacked Credit Card Info on the Web Is Surging
The number of hacked U.S. credit cards whose information was offered for sale to other criminals on the Dark Web jumped by about two-thirds in the first half of this year, according to a ...
Insurers Should Plow Ahead With Brexit Plans, Despite UK Govt. Instability
Brexit controversies risked breaking British Prime Minister Theresa May's government in recent days. But the uncertainty won't, and shouldn't stop carriers from pursuing their post-Brexit plans to ...
Britain’s Finance Industry Attacks Brexit Trading Plans
Britain's finance industry attacked the government on Thursday for ditching its blueprint for trade with the European Union after Brexit, saying this was a blow for Britain's biggest exporter. The ...
‘AXA XL’ to Debut When AXA Group Completes $15.3B XL Group Buy
AXA XL is the new name of the division AXA Group will create with its planned $15.3 billion cash acquisition of XL Group, a deal expected to close sometime in the 2018 second half. The name covers a ...